Share the post "IPO Launch: Aastamangalam Finance’s Rights Issue on 27-12-2024!"
An Initial Public Offering (IPO) is the process through which a private company offers its shares to the public for the first time, transitioning into a publicly traded entity. This event allows the company to raise capital from a broader investor base, enhancing its growth potential. An IPO typically involves extensive regulatory scrutiny and is often seen as a significant milestone in a company’s development. 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 07 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 | Live |
| Security Type | Equity |
| Issue Period | 27 Dec 2024 to 07 Jan 2025 |
| Issue Size | 71,27,800 |
| Price (Inclusive Of Premium) | 42.50 |
| Market Lot | 1 |
| Registrar | INTEGRATED REGISTRY MANAGEMENT SERVICES PRIVATE LIMITED |
| BSE Bid Quantity (ASBA) | 17,01,263 As on Jan 3 2025 5:00PM |
| Remarks | Notice no. :20241224-22 and 20250103-1 |
| 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 07-01-2025
| Start Date | 27-12-2024 |
|---|---|
| End Date | 07-01-2025 |
| Issue Period | 27 Dec 2024 to 07 Jan 2025 |
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