The preliminary public providing (IPO) of Sameera Agro and Infra will start immediately, December 21 and finish on December 27. Its fairness shares can be listed on Emerge, the SME alternate platform of the National Stock Exchange (NSE). According to the draft paper filed with SEBI, its complete order book presently stands at Rs 100 crore. The IPO worth has been set at Rs 180 apiece, having a face worth of Rs 10 every.
The lot measurement is ready at 800 shares and the full problem measurement stands at 3,480,000 shares, aggregating as much as Rs 62.64 crores. The minimal quantity of funding required by retail buyers is Rs 144,000.Â
As per the rule, non-retail buyers can bid for a minimal of two tons or 1,600 fairness shares, price Rs 2,88,000.
The problem is completely a contemporary problem of 34.8 lakh shares and 50 per cent of the web IPO supply has been reserved for retail buyers.
Shares of Sameera Agro will get listed on NSE SME and the tentative itemizing date is ready as January 1 (Monday).
The gray market premium (GMP) for Sameera Agro and Infra IPO is presently round Rs 35 per share, indicating a constructive sentiment out there.
ProfitMart Securities and SEBI-registered funding adviser Equity99 have given a “subscribe for long-term gains” ranking on the IPO.
According to the draft paper, the web proceeds raised from IPO can be utilised in direction of the development of ongoing initiatives, and a brand new multiplex, and meet the present working capital requirement for the agro-business and normal company bills.
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