Studds Equipment IPO: Bike equipment producer Studds Equipment Ltd is ready to launch its preliminary public providing (IPO) this week to lift over ₹455 crore from the first markets. The corporate on Monday introduced the Studds Equipment IPO value band.
Studds Equipment IPO value band has been set at ₹557 to ₹585 per share. On the upper-end of the value band, the corporate goals to lift ₹455.49 crore from the general public problem, which is completely an offer-for-sale (OFS) of 77.86 lakh fairness shares.
The general public problem will open for subscription on Thursday, October 30, and can shut on Monday, November 3. The IPO allotment date is probably going November 4, and the IPO itemizing date could be November 7. Studds Equipment shares can be listed on each the inventory exchanges, BSE and NSE.
Studds Equipment IPO lot measurement is 25 shares, and the minimal funding quantity required by a retail investor is ₹14,625.
IIFL Capital Providers Ltd. is the e book operating lead supervisor and MUFG Intime India Pvt. Ltd. is Studds Equipment IPO registrar.
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