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An IPO, or Initial Public Offering, is the first sale of stock by a private company to the public, marking its entry into the stock market. This process helps the company raise funds for expansion and provides liquidity to existing shareholders. The IPO process includes setting a share price, marketing the offering, and complying with regulatory requirements to ensure transparency for potential investors. Dhanlaxmi Bank IPO of Rights Issue type offers an equity issue (inclusive of premium) with a face value of ₹ 10.00. The issue is live from 08 Jan 2025 to 28 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 | DHANLAXMI BANK LIMITED |
|---|---|
| Offer Price () | 21.00 |
| Face Value | 10.00 |
| Type Of Issue | RI |
| Issue Status | Forthcoming |
| Security Type | Equity |
| Issue Period | 08 Jan 2025 to 28 Jan 2025 |
| Issue Size | 14,16,86,767 |
| Price (Inclusive Of Premium) | 21.00 |
| Market Lot | 1 |
| LTP | 29.04 |
| Book Running Lead Manager | BOB Capital Markets Limited |
| Registrar | KFin Technologies Limited |
| Remarks | Notice no. :20250106-43 |
| Notes | This issue of up to 14,16,86,767 Equity Shares of face value of Rs.10 each of the Bank for cash at a price of Rs.21.00 (including a premium of Rs.11.00 per Rights Equity Share) aggregating to Rs.297.54 crore on a rights basis to the Eligible Equity Shareholders of the Bank in the ratio of 14 Rights Equity Share for every 25 fully paid-up Equity Shares held by the Eligible Equity Shareholders on the Record Date that is 27th December 2024. |
Dhanlaxmi Bank IPO opens on 08-01-2025, and closes on 28-01-2025
| Start Date | 08-01-2025 |
|---|---|
| End Date | 28-01-2025 |
| Issue Period | 08 Jan 2025 to 28 Jan 2025 |
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