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The public issue of Shanti Spintex will open on December 19, 2023 and remain open until December 21, 2023 for bidding. It has set the price band at approximately approximately ₹66 to ₹70 per equity share and expects to raise ₹31.25 crore.
Ahead of Shanti Spintex opening date, grey market indicators are pointing to positive developments.
Shanti Spintex IPO GMP
Shanti Spintex Grey Market Premium (GMP) is currently at ₹15 , indicating the demand for the company's shares in the unofficial market.
Shanti Spintex IPO price band
The price band for Shanti Spintex initial public offering (IPO) has been set at ₹66 to ₹70 per equity share, offering potential investors a range within which they can place their bids.
Shanti Spintex IPO date
Starting from December 19, 2023, the IPO will be open for bidders to participate, and it will remain open until December 21, 2023, providing a limited window for interested parties to take part in the offering.
Shanti Spintex IPO size
With an ambitious goal of raising ₹31.25 Crores, Shanti Spintex is poised to make a significant impact in the financial markets through its IPO.
Shanti Spintex IPO lot size
Investors can apply for the IPO in lots, with each lot comprising 2000 shares, allowing them to tailor their investment based on their financial capacity and strategic objectives.
Shanti Spintex IPO application limit
The application limit for the IPO is set at a minimum of 1 lot for bidders, while retail investors have the opportunity to apply for up to 1 lots, offering flexibility in participation.
Shanti Spintex IPO allotment date
The tentative schedule for the allotment of Shanti Spintex IPO shares is December 22, 2023, providing a timeline for successful bidders to receive their allocated shares.
Shanti Spintex IPO listing
Shanti Spintex aims to list its shares on December 27, 2023, subject to market conditions, with plans to list on both the BSE and NSE, signaling a significant milestone for the company.
Shanti Spintex IPO registrar
Kfin Technologies Limited has been entrusted with the crucial role of serving as the registrar for Shanti Spintex, ensuring a smooth and efficient process for all stakeholders involved.
Investors and market analysts are closely monitoring the developments surrounding Shanti Spintex IPO, as it presents an opportunity to gauge the market's response to the company's offering. The subscription data and final oversubscription figures will provide valuable insights into the demand for Shanti Spintex‘s shares and the overall investor sentiment.
Shanti Spintex IPO is generating considerable interest due to the company's strong presence in the engineering and design services sector, as well as its diverse client base spanning various industries. Additionally, the IPO's performance will be indicative of investor confidence in the broader economic outlook and the attractiveness of the Indian capital markets.
As the IPO progresses through its various stages, prospective investors will closely analyze factors such as the company's financial performance, growth prospects, and competitive positioning to make informed decisions about participating in the offering. This heightened interest is expected to contribute to robust trading activity following the listing of Shanti Spintex shares.
The successful execution of Shanti Spintex IPO is anticipated to further bolster the company's financial position and provide funds for strategic initiatives, expansion plans, and potential acquisitions. Moreover, it will offer an opportunity for retail investors, institutional investors, and other market participants to gain exposure to a prominent player in the engineering and design services sector.
Overall, Shanti Spintex IPO is poised to make a significant impact on the Indian markets, and its outcome will be closely observed as a barometer of investor confidence and market dynamics.