Shri Techtex IPO GMP Today, subscription status, share price, lot size and other details are now available on this page. Shri Techtex, a polypropylene manufacturing company, is offering the public to buy shares in the company to raise funds. So if you are interested in buying shares of the company and want to know the full details about Shri Techtex GMP IPO today, subscription status, share price, lot size and other relevant information about the IPO, drag the post to the bottom.
Shri Techtex IPO GMP
Shri Techtex will conduct an initial public offering on July 26, 2023 and close on July 28, 2023 of 7.4 lakh shares with a face value of Rs 10, adding up to Rs 45.14 crore. The issue price per share is set at Rs 54-61; the minimum lot size is 2000 shares. Therefore, the minimum investment considering the upper band of the share price of Rs 61 is Rs 1.22,000. For HNI and NII, the minimum lot size is 4,000 shares. The company’s shares are proposed to be listed on the NSE SME.
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The gray market price is the expected trading price of the stock. It usually starts 4-5 days after the IPO is opened and continues until the stock is listed. Shri Techtex IPO GMP can also be negative, which means that the bets are placed at a discounted price. Provides the most likely, but not the exact, price of the stock.
Shri Techtex IPO GMP Today
GMP is affected by two important aspects, market conditions or market fluctuations and investor interest in buying the Company’s shares. Shri Techtex IPO GMP today 25 Jul 2023 costs Rs 12 per share which is Rs 2 more than par value of share. If we look at the GMP of the last few days, we see that the gray market price first rises to Rs 15 and falls again in the last three days to Rs 12.
If the Shri Techtex IPO GMP will be the exact trading price of the share, then the IPO price is Rs 73 per share (61+12). Therefore, if you are interested in buying shares of the company, you should keep a close eye on the GMP trend for the most likely listing status.
Shri Techtex IPO Main Points
|
Company Name |
Shri Techtex Limited |
|
Shri Techtex IPO Date |
July 26 to July 28, 2023 |
|
Shares offered to the public |
74,00,000 shares |
|
nominal value |
10 rupees per share |
|
Issuance of shares Price |
54 to 61 rupees per share |
|
minimum lot size |
2000 shares |
|
Minimum lot size for NII |
4000 shares |
|
Type of problem |
Problem created by the book |
|
Listed in |
National Stock Exchange |
|
Stock Award Date |
August 2, 2023 |
|
Start of refunds |
August 3, 2023 |
|
Quotation Date |
August 7, 2023 |
Shri Techtex IPO Items
The tech company has set out the main goals for using the funds raised from the IPO. The following purposes will be met with the funds raised.
- Purchase of new machinery (6.31 crores)
- Satisfy the demand for working capital. |(15.31 crores)
- Industrial warehouse construction. (3.71 crores)
- Solar Plant Authorization. (4.89 crores)
- Cover day-to-day corporate expenses. (15.11 crores)
Shri Techtex IPO Subscription Status
Shri Techtex IPO, following the terms of the offer, grants 50% of the net offer to QIB investors, 35% to retail investors and the remaining 15% of the shares will be offered to HNI/NII investors. Applications to purchase the shares are accepted until July 28, 2023, with the allotment of the shares ending on August 2, 2023, followed by redemptions beginning on August 3, 2023. The listing of the shares is scheduled for August 7, 2023. .
Shri Techtex Initial Public Share Price
The par value of the company’s shares is Rs 10 per share. The Company, for the IPO, has set the share price band at Rs 54-61. To raise funds and meet the financial requirements, the Company plans to raise Rs 45.14 crore as per the upper band. The capital shares would be listed on the National Stock Exchange.
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Shri Techtex IPO Lot Size
Shri Techtex, IPO minimum lot size is 2000 shares; therefore the minimum investment of QIB, RII, EMP and other investors when considering the upper salary band of Rs 61 is Rs 1.22,000 (2000 x 61). But for HNI and NII investors, the minimum order is 4,000 shares, which makes your minimum investment Rs 2,44,000.
Please continue to visit our portal for the daily gray market value of Shri Techtex’s IPO. In addition, you will be informed of the latest Shri Techtex IPO news from time to time here on this web page until the share listing.
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