Share the post "IPO Launch: Igc Industries’s Rights Issue on 04-11-2024!"
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. Igc Industries IPO of Rights Issue type offers an equity issue (inclusive of premium) with a face value of ₹ 10.00. The issue is live from 04 Nov 2024 to 18 Nov 2024 , 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 | IGC INDUSTRIES LTD |
|---|---|
| Offer Price () | 13.00 |
| Face Value | 10.00 |
| Type Of Issue | RI |
| Issue Status | Forthcoming |
| Security Type | Equity |
| Issue Period | 04 Nov 2024 to 18 Nov 2024 |
| Issue Size – No.of Shares | 3,24,80,000 |
| Price (Inclusive Of Premium) | 13.00 |
| Market Lot | 1 |
| LTP | 15.20 |
| Registrar | Purva Sharegistry (India) Private Limited |
| Remarks | Notice no. :20241031-6 |
| Notes | Issue of up to 3,24,80,000 (Three Crore Twenty Four Lac Eighty Thousand) Equity Shares of face value of Rs.10 each of the Company for cash at a price of Rs.13/- per Rights Equity Share (including a premium of Rs.3/- per Rights Equity Share) aggregating up to Rs.4222.40 Lakhs on a rights basis to the Eligible Equity Shareholders of the Company in the ratio of 29 Rights Equity Shares for every 2 Equity Shares held by the Eligible Equity Shareholders of the Company on the Record Date that is 16 October, 2024. |
Igc Industries IPO opens on 04-11-2024, and closes on 18-11-2024
| Start Date | 04-11-2024 |
|---|---|
| End Date | 18-11-2024 |
| Issue Period | 04 Nov 2024 to 18 Nov 2024 |
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