Visaman Global Sales, a supplier of pipes, steel, and roofing materials, has announced its initial public offering (IPO) details. The company will be issuing new shares (fresh issue) to raise ₹16.05 crore from the public. Here’s a breakdown of the key points for investors:
- Price per Share: ₹43 (fixed price, no bidding range)
- IPO Opens: June 24, 2024
- IPO Closes: June 26, 2024
- Listing Exchange: NSE SME (National Stock Exchange for small and medium enterprises)
Since this is a fixed-price IPO, the share price is already set at ₹43. This means investors won’t be able to negotiate a lower price. The IPO will be open for bidding for three days, starting next Monday. If you’re interested in applying for shares, you’ll need to do so between June 24th and 26th.
Key Details to Remember:
- Minimum Investment: ₹129,000 (for a minimum lot of 3,000 shares)
- IPO Allotment: Expected by June 27, 2024
- Listing Date: Tentatively July 1, 2024
Where to Find More Information:
You can find more details about the Visaman Global Sales IPO in the company’s prospectus, which will be available on the NSE website. Remember, investing in stocks always carries some risk, so it’s important to be well-informed before making any decisions.