Share the post "IPO Launch: Gtt Data Solutions’s Rights Issue on 27-01-2025!"
An IPO, or Initial Public Offering, is when a private company issues shares to the public for the first time, allowing it to raise capital from a diverse pool of investors. This significant step provides the company with the necessary funding to expand and develop while giving early investors a chance to liquidate their holdings. The IPO process typically involves collaboration with investment banks and adherence to strict regulatory standards. Gtt Data Solutions IPO of Rights Issue type offers an equity issue (inclusive of premium) with a face value of ₹ 10.00. The issue is live from 27 Jan 2025 to 25 Feb 2025 , with a market lot of 1 shares. This call notice includes , covering ₹10.00 towards face value and the remaining towards securities premium. This is a chance to invest in a well-established company known for its quality and innovation.
| Security Name | GTT DATA SOLUTIONS LTD |
|---|---|
| Offer Price () | 26.00 |
| Face Value | 10.00 |
| Type Of Issue | RI |
| Issue Status | Live |
| Security Type | Equity |
| Issue Period | 27 Jan 2025 to 25 Feb 2025 |
| Issue Size | 19161915 |
| Price (Inclusive Of Premium) | 26.00 |
| Market Lot | 1 |
| Registrar | MUFG Intime India Private Limited |
| BSE Bid Quantity (ASBA) | 2,76,03,844 As on Feb 18 2025 5:00PM |
| Remarks | Notice no.: 20250122-48, 20250204-3, 20250207-7 and 20250218-1. |
| Notes | Issue of up to 1,91,61,915 partly paid-up equity shares of face value of Rs. 10 each of the company (“Rights Equity Shares”) for cash at a price of Rs. 26 each including a share premium of Rs. 16 per rights equity share (the “Issue Price”) aggregating to an amount of up to Rs. 4,982.10 lakhs on a rights basis to the eligible equity shareholders of the company in the ratio of 1 (one) rights equity shares for every 1 (one) fully paid-up equity shares held by the eligible equity shareholders on the record date, that is on Tuesday, January 14, 2025 (the “Issue”). The amount payable at the time of Application, i.e. Rs. 6.50 per Rights Equity Share in respect of the Rights Equity Shares applied for in the Issue at the Issue Price. |
Gtt Data Solutions IPO opens on 27-01-2025, and closes on 25-02-2025
| Start Date | 27-01-2025 |
|---|---|
| End Date | 25-02-2025 |
| Issue Period | 27 Jan 2025 to 25 Feb 2025 |
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