Share Samadhan Limited IPO Opens On 9th September 2024
Mumbai (Maharashtra) [India] September 5: Share Samadhan Limited, a unique provider of investment retrieval, wealth protection, and litigation funding solutions, has announced its plan to go public with an IPO on September 9, 2024. The company aims to raise ₹ 24.06 Crores, with shares to be listed on the BSE SME platform. The issue size is Up [...]
Mumbai (Maharashtra) [India] September 5: Share Samadhan Limited, a unique provider of investment retrieval, wealth protection, and litigation funding solutions, has announced its plan to go public with an IPO on September 9, 2024. The company aims to raise ₹ 24.06 Crores, with shares to be listed on the BSE SME platform.
The issue size is Up To 32 51,200 equity shares at a face value of ₹ 10 each.
Equity Share Allocation
- QIB Anchor Portion – Up to 9,23,200 Equity Shares
- Qualified Institutional Buyers (QIB) – Up to 6,19,200 Equity Shares
- Non-Institutional Investors (NII) – Not less than 4,64,000 Equity Shares
- Retail Individual Investors (RII) – Not less than 10,81,600 Equity Shares
- Market Maker – Up to 1,63,200 Equity Shares
The net proceeds from the Issue will be utilised primarily for investment in technology, unidentified acquisition of the company (In India or abroad), working capital requirements, general corporate purposes, and meeting the Issue Expenses. The issue will open for subscription on September 9, 2024 and closes on September 11, 2024.