Share the post "IPO Launch: Lcc Infotech’s Takeover on 11-11-2024!"
An IPO, or Initial Public Offering, is when a private company issues shares to the public for the first time, allowing it to raise capital from a diverse pool of investors. This significant step provides the company with the necessary funding to expand and develop while giving early investors a chance to liquidate their holdings. The IPO process typically involves collaboration with investment banks and adherence to strict regulatory standards. Lcc Infotech IPO of Takeover type offers an equity issue (inclusive of premium) with a face value of ₹ 2.00. The issue is live from 11 Nov 2024 to 25 Nov 2024 , with a market lot of 1 shares. This call notice includes , covering ₹2.00 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 | LCC INFOTECH LTD |
|---|---|
| Offer Price () | 3.51 |
| Face Value | 2.00 |
| Type Of Issue | Takeover |
| Issue Status | Forthcoming |
| Scripname | LCC INFOTECH LTD |
| Security Type | Equity |
| Symbol | LCCINFOTEC |
| Issue Type | Takeover |
| Issue Period | 11 Nov 2024 to 25 Nov 2024 |
| Tick Price | 0.01 |
| Market Lot | 1 |
| Book Size – No. Of Shares | 3,29,14,271 |
| Minimum Offer Quantity | 1 |
| Maximum Offer Quantity | 3,29,14,271 |
| Floor Price/Offer Price | 3.51 |
| Indicative Price | |
| Cummulative Bid Quantity | – |
| Name Of Acquirer(s)/Company | Shreeram Bagla (“Acquirer 1”) and Rachna Suman Shaw (“Acquirer 2”) (hereinafter collectively referred to as “Acquirers”) |
| Buyer Member | Choice Equity Broking Private Ltd |
| Book Running Lead Manager | SAFFRON CAPITAL ADVISORS PRIVATE LIMITED |
| Registrar | CAMEO CORPORATE SERVICES LTD. |
| Exchange Notices | 1) Opening of Offer to Buy – Acquisition Window (Takeover) of LCC Infotech Limited 2) Settlement Schedule Offer to Buy – Acquisition Window (Takeover) for LCC INFOTECH LTD.3) Offer to Buy – Acquisition Window (TAKEOVER) for LCC INFOTECH LTD- Live Activities Schedule |
Lcc Infotech IPO opens on 11-11-2024, and closes on 25-11-2024
| Start Date | 11-11-2024 |
|---|---|
| End Date | 25-11-2024 |
| Issue Period | 11 Nov 2024 to 25 Nov 2024 |
