Share the post "IPO Launch: Kretto Syscon’s Rights Issue on 24-10-2024!"
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. Kretto Syscon IPO of Rights Issue type offers an equity issue (inclusive of premium) with a face value of ₹ 1.00. The issue is live from 24 Oct 2024 to 12 Nov 2024 , with a market lot of 1 shares. This call notice includes , covering ₹1.00 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 | KRETTO SYSCON LTD |
|---|---|
| Offer Price () | 1.00 |
| Face Value | 1.00 |
| Type Of Issue | RI |
| Issue Status | Forthcoming |
| Security Type | Equity |
| Issue Period | 24 Oct 2024 to 12 Nov 2024 |
| Issue Size – No.of Shares | 47,03,94,342 |
| Price (Inclusive Of Premium) | 1.00 |
| Market Lot | 1 |
| LTP | 1.29 |
| Registrar | Purva Sharegistry (India) Private Limited |
| Remarks | Notice no.:20241022-8 |
| Notes | Rights Issue of 47,03,94,342 Equity Shares of the Company for cash at a price of Rs.1 (Rupees One Only) per Right Shares aggregating Rs.47,03,94,342 (Rupees Fourty Seven Crore Three Lakh Ninety Four Thousand Three Hundred Fouty Two Only) on a rights basis to the Eligible Shareholders of the Company in the ratio of 3 (Three) Right Shares for every 1 (One) Equity Shares held by the Eligible Shareholders of the Company on the Record Date i.e. Friday, October 11, 2024. On Application, Investors will have to pay entire amount of Rs.1 (Rupees One Only) per Rights Equity Share which constitutes 100% (Hundred percent) of the Issue Price. |
Kretto Syscon IPO opens on 24-10-2024, and closes on 12-11-2024
| Start Date | 24-10-2024 |
|---|---|
| End Date | 12-11-2024 |
| Issue Period | 24 Oct 2024 to 12 Nov 2024 |
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