IPO News Updates: Another mainboard company’s IPO is going to be launched. The company has announced the price band today. We are talking about Indiqube Spaces IPO. The size of the company’s IPO is Rs 700 crore.
IPO News Updates: Another mainboard company’s IPO is going to be launched. The company has announced the price band today. We are talking about Indiqube Spaces IPO. The size of the company’s IPO is Rs 700 crore. The company will issue fresh shares worth Rs 650 crore. At the same time, the company will issue 21 lakh shares under the Offer for Sale.
IPO will open on 23 July
Indiqube Spaces IPO will open for retail investors on July 23. At the same time, investors will have the opportunity to place bets till July 25. The price band of this mainboard IPO has been fixed from Rs 225 to Rs 237 per share. The company has created a lot of 63 shares. Due to which investors will have to place a minimum bet of Rs 14175. Let us tell you, the company has given a discount of Rs 22 on one share to its employees.
This IPO will open for anchor investors on July 22. The company will try to raise Rs 314.32 crore through the IPO.
What is the situation in the gray market? (Indiqube Spaces IPO GMP Today)
According to the report of InvestorsGain, this IPO is performing well in the grey market. This IPO is trading at a premium of Rs 40 in the grey market today.
How much share for whom?
75 percent of the IPO will be reserved for qualified institutional buyers. At the same time, a maximum of 15 percent will be reserved for non-institutional investors. A maximum of 10 percent will be reserved for retail investors. Let us tell you, the company has reserved 63291 shares for its employees.
ICICI Securities Limited has been appointed as the Book Running Lead Manager. Let us tell you, this is a mainboard IPO. Therefore, its listing is proposed on BSE and NSE.
(This is not an investment advice. The stock market is subject to risks. Please seek expert advice before making any investment.
