Hemant Surgical IPO subscription to begin from May 24
Mumbai (Maharashtra) [India], May 22: The subscription of Hemant Surgical Industries Limited’s initial public offering (IPO) will start on May 24. The three-day subscription window will end on May 26. The company has fixed the price band for the offer at Rs 85-90. The issue comprises up to 27,60,000 equity shares having a face value of […]

Mumbai (Maharashtra) [India], May 22: The subscription of Hemant Surgical Industries Limited’s initial public offering (IPO) will start on May 24. The three-day subscription window will end on May 26. The company has fixed the price band for the offer at Rs 85-90.
The issue comprises up to 27,60,000 equity shares having a face value of Rs 10 each. The IPO constitutes a fresh issue of equity shares.
The Book Running Lead Manager to the IPO is Hem Securities Ltd.
The portion of the issue is not less than 35 per cent has been reserved for retail investors. The company has fixed the QIB quota at 50 per cent and the NII quota at 15 per cent.