Pune E-Stock Broking IPO opens for subscription on March 7. The price band of the IPO has been decided in the range of 78 to 83 apiece of face value of 10 each. The IPO is with the lot size consisting of 1,600 shares and will close on March 12.
Know Pune E-Stock Broking IPO GMP, Price Band, Key Dates & More Details:
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Pune E-Stock Broking IPO details
The IPO is worth 38.23 crore with a fresh issue of 4,606,400 equity shares with a face value of 10.
In the IPO, not less than 15% for non-institutional Institutional Investors (NII), not less than 35% of the offer is reserved for retail investors and not more than 50% of the shares are reserved for qualified institutional buyers (QIB).
Pune E-Stock Broking IPO: Objectives
The main Objectives behind the funds raised from the IPO will be used for its working capital requirements and also for the general corporate purpose.
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Pune E-Stock Broking IPO: Registrar
The book running lead manager for Pune E-Stock Broking IPO is Share India Capital Services Private Limited. The market maker is Share India Securities and Bigshare Services Pvt Ltd is the registrar for the Pune E-Stock Broking IPO.
Pune E-Stock Broking IPO:
Vrajesh Navnitbhai Shah, Sandip Sunderlal Shah, Paresh Sunderlal Shah, Daidipya Ghodnadikar, Devendra Ramchandra Ghodnadikar, and Vrajesh Krishnakumar Shah are promoters of the company.
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Pune E-Stock Broking IPO GMP
Pune E-Stock Broking IPO grey market premium (GMP) was 0 as the shares were trading at their issue price of 83 with no premium or discount, according to the investorgain.com.
Pune E-Stock Broking IPO Company details
Pune E-Stock brokerage Ltd mainly deals with a platform for trading Currency, Equity, Futures & Options, and Commodities with the Stock Exchange.
