Pune E-Stock Broking has recently announced its initial public offering (IPO) opening for subscription. Investors are eager to know the price band, key dates, and other important details surrounding this IPO. In this article, we will delve into the specifics of the Pune E-Stock Broking IPO, including its size, details, investors, promoters, and more.
Pune E-Stock Broking IPO Details:
The Pune E-Stock Broking IPO is valued at ₹38.23 crore and consists of a fresh issue of 4,606,400 equity shares with a face value of ₹10 each. There is no offer-for-sale component, making it a completely fresh issue. The IPO is open for subscription from March 7 to March 12, with a price band set between ₹78 to ₹83 per share. The lot size is 1,600 shares, with investors able to bid for a minimum of 1,600 shares and in multiples thereof.
Investors can expect not more than 50% of the shares in the public issue to be reserved for qualified institutional buyers (QIB), not less than 15% for non-institutional investors (NII), and not less than 35% for retail investors.
Objectives of the IPO:
The net proceeds from the IPO will be utilized by Pune E-Stock Broking to fund its general corporate purposes and meet its working capital requirements.
Promoters of Pune E-Stock Broking:
The promoters of Pune E-Stock Broking are Sandip Sunderlal Shah, Paresh Sunderlal Shah, Daidipya Ghodnadikar, Vrajesh Navnitbhai Shah, Devendra Ramchandra Ghodnadikar, and Vrajesh Krishnakumar Shah.
Registrar and Other Details:
The registrar for the Pune E-Stock Broking IPO is Bigshare Services Pvt Ltd. The book running lead manager is Share India Capital Services Private Limited, and the market maker is Share India Securities.
Pune E-Stock Broking IPO GMP:
As per reports, the grey market premium (GMP) for Pune E-Stock Broking IPO was ₹0, indicating that the shares were trading at their issue price of ₹83 with no premium or discount.
FAQs:
- What is the price band for the Pune E-Stock Broking IPO?
- The price band for the IPO is set between ₹78 to ₹83 per share.
- What is the lot size for the Pune E-Stock Broking IPO?
- The lot size consists of 1,600 shares.
- Who are the promoters of Pune E-Stock Broking?
- The promoters include Sandip Sunderlal Shah, Paresh Sunderlal Shah, Daidipya Ghodnadikar, Vrajesh Navnitbhai Shah, Devendra Ramchandra Ghodnadikar, and Vrajesh Krishnakumar Shah.
- What are the objectives of the Pune E-Stock Broking IPO?
- The proceeds will be used for general corporate purposes and working capital requirements.
- What is the grey market premium (GMP) for Pune E-Stock Broking IPO?
The GMP was reported to be ₹0, indicating no premium or discount on the issue price of ₹83 per share.