Sameera Agro and Infra’s Initial Public Offering (IPO) is being held from December 21 to December 27, with a Rs 100 crore total order book. Retail investors must deposit Rs 144,000 in the Rs 180 per share IPO.
Sameera Agro and Infra’s Initial Public Offering (IPO) starts today, December 21. Its equity shares will be placed on Emerge, the NSE’s SME exchange. Its total order book is Rs 100 crore, according to the SEBI draft filing. IPO shares cost Rs 180 and have a face value of Rs 10.
The 800-share lot size and 3,480,000-share offering equal Rs 62.64 crores. Retail investors must invest Rs 144,000.
The rule allows non-retail investors to bid for two lots or 1,600 equity shares valued Rs 2,88,000.
All 34.8 lakh shares are new, and 50% of the net IPO offer is for retail investors.
Sameera Agro shares will be launched on NSE SME on Monday, January 1.
The grey market premium (GMP) for Sameera Agro and Infra IPO is Rs 35 per share, showing market optimism.
ProfitMart Securities and SEBI-registered investment adviser Equity99 rate the IPO “subscribe for long-term gains”.
The draft paper states that IPO net proceeds will be used to build ongoing projects, a new multiplex, and meet agro-business and corporate working capital needs.
Conclusion
Sameera Agro and Infra’s Initial Public Offering (IPO) is being conducted on the NSE’s SME exchange platform, Emerge. With a total order book of Rs 100 crore, the IPO is being held from December 21 to December 27. IPO shares cost Rs 180 and have a face value of Rs 10. With 3,480,000 shares issued, the lot size is 800. Non-retail investors can bid for two lots or 1,600 equity shares costing Rs 2,88,000. Retail investors must deposit Rs 144,000. A new 34.8 lakh-share IPO reserves 50% for retail investors.
