January 13, 2023
New Delhi, India
Konstelec Engineers IPO
Introduction: Konstelec Engineers Pvt Ltd is gearing up for its initial public offering (IPO) on the NSE SME Emerge platform, with a price band set at ₹66 to ₹70 per equity share. The engineering company aims to raise ₹28.70 crore through the issuance of fresh shares.
Key Details:
1. IPO Dates and Price Band: The IPO is scheduled to open on January 19, 2024, and will close on January 22, 2024. Investors can bid for shares within the specified price range of ₹66 to ₹70 per equity share.
2. IPO Size and Lot Size: Konstelec Engineers is targeting a capital infusion of ₹28.70 crore from the public issue, with one lot comprising 2,000 company shares. This allows flexibility for investors to choose their investment amount.
3. Allotment Date: The finalisation of share allocation is expected on January 23, 2024, providing clarity to investors on the number of shares they have been allotted.
4. Registrar and Listing Platform: Skyline Financial Services Private Ltd has been appointed as the official registrar for this SME IPO. The IPO is proposed for listing on the NSE SME Emerge platform.
5. Listing Date: The company anticipates the listing of its shares on NSE on January 25, 2024, opening them up for trading on the stock exchange.
Conclusion:
Investors eyeing Konstelec Engineers’ IPO have a window from January 19-22, 2024, to participate in the public offering. With a defined price range, the company aims to secure ₹28.70 crore for future endeavors. The final allotment details will be available on January 23, 2024, with the shares expected to debut on NSE on January 25, 2024.
Also Check Indian Rupee vs Dollar
Disclaimer:
CurrencyVeda provides this news article for informational purposes only. We do not offer investment advice or recommendations. Before making any investment decisions, please conduct thorough research, consult with financial experts, and carefully consider your financial situation, risk tolerance, and investment goals. Investing in the stock market carries risks, and it’s essential to make informed choices based on your individual circumstances. CurrencyVeda is not liable for any actions taken based on the information provided in this article.
