Share the post "IPO Launch: Aastamangalam Finance’s Rights Issue on 27-12-2024!"
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. Aastamangalam Finance 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 Dec 2024 to 03 Jan 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 | AASTAMANGALAM FINANCE LTD |
|---|---|
| Offer Price () | 42.50 |
| Face Value | 10.00 |
| Type Of Issue | RI |
| Issue Status | Forthcoming |
| Security Type | Equity |
| Issue Period | 27 Dec 2024 to 03 Jan 2025 |
| Issue Size – No.of Shares | 71,27,800 |
| Price (Inclusive Of Premium) | 42.50 |
| Market Lot | 1 |
| Registrar | INTEGRATED REGISTRY MANAGEMENT SERVICES PRIVATE LIMITED |
| Remarks | Notice no. :20241224-22 |
| Notes | This issue of up to 71,27,800 fully paid-up Equity Shares of face value of Rs.10/- each of the Company for cash at a price of Rs.42.50 (including a premium of Rs.32.50 per Rights Equity Share) aggregating up to Rs.3029 Lakhs on a rights basis to the Eligible Equity Shareholders of the Company in the ratio of 8 Rights Equity Share for every 10 fully paid-up Equity Shares held by the Eligible Equity Shareholders on the Record Date that is December 13, 2024. On Application, Investors will have to pay Rs.42.50 per Rights Equity Share which constitutes 100% of the Issue Price. |
Aastamangalam Finance IPO opens on 27-12-2024, and closes on 03-01-2025
| Start Date | 27-12-2024 |
|---|---|
| End Date | 03-01-2025 |
| Issue Period | 27 Dec 2024 to 03 Jan 2025 |
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