Summary: The Harikanta Overseas IPO opened on May 20 and closes on May 22, with a rate band of 91 to 96 per share, intending to elevate 35 6 crore.
Bottom line
- The Harikanta Overseas IPO is a fresh issue of 0. 27 crore show to no offer-for-sale (OFS) part.
- Financiers can obtain the IPO in lots of 1200 shares.
- The firm means to make use of the funds for capital investment, working capital, and general company purposes.
- The allotment for the Harikanta Overseas IPO is anticipated around May 25, and listing is likely on May 27 on the BSE SME platform.
- The IPO was booked 9 times since 4 20 pm on May 20, the very first day of bidding process.
What This Implies
This IPO provides an opportunity for capitalists to take part in a company making artificial textile fabrics. The listing on the BSE SME platform might supply higher growth capacity however also comes with increased risk, so capitalists must speak with professionals prior to investing.
Resource: www.livemint.com