Share the post "IPO Launch: Ett’s Rights Issue on 21-02-2025!"
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. Ett IPO of Rights Issue type offers an equity issue (inclusive of premium) with a face value of ₹ 10.00. The issue is live from 21 Feb 2025 to 05 Mar 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 | ETT LTD |
|---|---|
| Offer Price () | 15.00 |
| Face Value | 10.00 |
| Type Of Issue | RI |
| Issue Status | Forthcoming |
| Security Type | Equity |
| Issue Period | 21 Feb 2025 to 05 Mar 2025 |
| Issue Size | 16589856 |
| Price (Inclusive Of Premium) | 15.00 |
| Market Lot | 1 |
| LTP | 13.72 |
| Registrar | BEETAL FINANCIAL & COMPUTER SERVICES PRIVATE LIMITED |
| Remarks | Notice no. :20250218-10 |
| Notes | Rights Issue of up to 1,65,89,856 Equity Shares of the Company for cash at a price of Rs.15 (Rupees Fifteen Only) per Right Shares aggregating upto Rs.24,88,47,840 ( Rupees Twenty Four Crore Eighty Eight Lakh Fourty Seven Thousand Eight Hundred Fourty only) on a rights basis to the Eligible Shareholders of the Company in the ratio of 8 Right Shares for every 5 Equity Shares held by the Eligible Shareholders of the Company on the Record Date i.e. Tuesday, February 11, 2025. On Application, Investors will have to pay entire amount of Rs.15 (Rupees Fifteen Only) per Rights Equity Share which constitutes 100% Hundred percent) of the Issue Price. |
Ett IPO opens on 21-02-2025, and closes on 05-03-2025
| Start Date | 21-02-2025 |
|---|---|
| End Date | 05-03-2025 |
| Issue Period | 21 Feb 2025 to 05 Mar 2025 |
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