Share the post "IPO Launch: Kothari Industrial Corporation’s OTB on 13-12-2024!"
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. Kothari Industrial Corporation IPO of OTB type offers an equity issue (inclusive of premium) with a face value of ₹ 5.00. The issue is live from 13 Dec 2024 to 27 Dec 2024 , with a market lot of 1 shares. This call notice includes , covering ₹5.00 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 | KOTHARI INDUSTRIAL CORPORATION LTD |
|---|---|
| Offer Price () | 14.33 |
| Face Value | 5.00 |
| Type Of Issue | OTB |
| Issue Status | Live |
| Scripname | KOTHARI INDUSTRIAL CORPORATION LTD |
| Security Type | Equity |
| Symbol | KOTIC |
| Issue Type | Takeover |
| Issue Period | 13 Dec 2024 to 27 Dec 2024 |
| Tick Price | 0.01 |
| Market Lot | 1 |
| Book Size – No. Of Shares | 1,10,45,811 |
| Minimum Offer Quantity | 1 |
| Maximum Offer Quantity | 1,10,45,811 |
| Floor Price/Offer Price | 14.33 |
| Indicative Price | |
| Cummulative Bid Quantity | ( AS ON Dec 13 2024 4:00PM )
Total Cumulative Bidded QtySubscription% of Total Total2000001.81% Demat Shares2000001.81% Physical Shares00.00% |
| LTP | 72.46 |
| Name Of Acquirer(s)/Company | Mr. J. Rafiq Ahmed (‘Acquirer’) |
| Buyer Member | Ratnakar Securities Private Limited |
| Book Running Lead Manager | Kunvarji Finstock Pvt Ltd |
| Registrar | INTEGRATED REGISTRY MANAGEMENT SERVICES PRIVATE LIMITED |
| Exchange Notices | 1) Offer to Buy – Acquisition Window (TAKEOVER) for KOTHARI INDUSTRIAL CORPORATION LTD – Live Activities Schedule2) Opening of Offer to Buy – Acquisition Window (Takeover) of KOTHARI INDUSTRIAL CORPORATION LIMITED 3) Settlement Schedule Offer to Buy – Acquisition Window (Takeover) for KOTHARI INDUSTRIAL CORPORATION LIMITED. |
Kothari Industrial Corporation IPO opens on 13-12-2024, and closes on 27-12-2024
| Start Date | 13-12-2024 |
|---|---|
| End Date | 27-12-2024 |
| Issue Period | 13 Dec 2024 to 27 Dec 2024 |
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