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Welcome to our analysis of TIPS INDUSTRIES LTD’s public offering. This post provides an overview of the company’s Initial Public Offering (IPO), which runs from 26 Apr 2024 to 03 May 2024. TIPS INDUSTRIES LTD, offers shares priced between 625.00 each, with a face value of ₹1.00 per share.
| Security Name | TIPS INDUSTRIES LTD |
|---|---|
| Start Date | 26-04-2024 |
| End Date | 03-05-2024 |
| Offer Price () | 625.00 |
| Face Value | 1.00 |
| Type Of Issue | Buyback – Tender Offer |
| Issue Status | Live |
| Scripname | TIPS INDUSTRIES LTD |
| Security Type | Equity |
| Symbol | TIPSINDLTD |
| Issue Type | Buyback – Tender Offer |
| Issue Period | 26 Apr 2024 to 03 May 2024 |
| Tick Price | 0.05 |
| Market Lot | 1 |
| Book Size – No. Of Shares | 5,95,000 |
| Minimum Offer Quantity | 1 |
| Maximum Offer Quantity | 5,95,000 |
| Floor Price/Offer Price | 625.00 |
| Cummulative Bid Quantity | ( AS ON Apr 26 2024 4:00PM )
Total Cumulative Bidded QtySubscription% of Total Total918936154.44% Demat Shares918936154.44% Physical Shares00.00% |
| LTP | 459.70 |
| Name Of Acquirer(s)/Company | TIPS Industries Limited |
| Buyer Member | ITI Securities Limited |
| Book Running Lead Manager | INGA VENTURES PRIVATE LIMITED |
| Registrar | LINK INTIME INDIA PRIVATE LIMITED |
| Exchange Notices | 1) Opening of Offer to Buy – Acquisition Window (Buyback) for TIPS INDUSTRIES LIMITED2) Offer to Buy – Acquisition Window (BUYBACK) for TIPS INDUSTRIES LTD-Live Activities Schedule3) Settlement Schedule Offer to Buy – Acquisition Window (Buyback) for TIPS INDUSTRIES LIMITED. |
The IPO, employing a book-building process, targets both non-institutional and qualified institutional investors. Bid quantities are capped at shares for non-institutional investors and shares for qualified institutional investors.
Exchange notices detail allocation to anchor investors, and LINK INTIME INDIA PRIVATE LIMITED acts as the registrar. are the sponsor banks.
