IPO : New Swan Multitech Limited
New Swan Multitech Limited IPO
| SYMBOL | SWANAGRO |
| ISSUE TYPE | Book Built Issue IPO |
| ISSUE OPENS ON | Thursday, January 11, 2024 |
| ISSUE CLOSES ON | Monday, January 15, 2024 |
| ISSUE PRICE | ₹62 to ₹66 per share |
| ISSUE SIZE | Up to Rs.33.11 Crores |
| FACE VALUE | Rs.10 per share |
New Swan Multitech IPO is a book built issue of Rs 33.11 crores. The issue is entirely a fresh issue of 50.16 lakh shares.
Thank you for reading this post, don't forget to subscribe!New Swan Multitech IPO opens for subscription on January 11, 2024 and closes on January 15, 2024. The allotment for the New Swan Multitech IPO is expected to be finalized on Tuesday, January 16, 2024. New Swan Multitech IPO will list on BSE SME with tentative listing date fixed as Thursday, January 18, 2024.
| MINIMUM BID | 2000 shares |
| MINIMUM AMOUNT | Rs.132,000 |
| MAXIMUM BID | 2000 shares |
| MAXIMUM AMOUNT | Rs.132,000 |
| PROMOTER HOLDING | 73.62% (Post-issue) |
| LISTING DATE | Thursday, January 18, 2024 |
| LISTING AT | BSE-SME |
New Swan Multitech IPO price band is set at ₹62 to ₹66 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹132,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹264,000.
Objects of the Issue (New Swan Multitech IPO Objectives)
The Net Proceeds are proposed to be used in accordance with the details as set forth below:
- Funding of capital expenditure towards purchase of certain machineries for existing manufacturing unit located at Raian, Ludhiana
- Repayment of a portion of certain borrowing availed by the company
- To meet working capital requirements
- General Corporate Purpose.
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