Share the post "IPO Launch: Maruti Securities’s OTB on 11-12-2024!"
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. Maruti Securities IPO of OTB type offers an equity issue (inclusive of premium) with a face value of ₹ 10.00. The issue is live from 11 Dec 2024 to 24 Dec 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 | MARUTI SECURITIES LTD |
|---|---|
| Offer Price () | 8.50 |
| Face Value | 10.00 |
| Type Of Issue | OTB |
| Issue Status | Forthcoming |
| Scripname | MARUTI SECURITIES LTD |
| Security Type | Equity |
| Symbol | MARUTISE |
| Issue Type | Takeover |
| Issue Period | 11 Dec 2024 to 24 Dec 2024 |
| Tick Price | 0.01 |
| Market Lot | 1 |
| Book Size – No. Of Shares | 13,00,078 |
| Minimum Offer Quantity | 1 |
| Maximum Offer Quantity | 13,00,078 |
| Floor Price/Offer Price | 8.50 |
| Indicative Price | |
| Cummulative Bid Quantity | – |
| Name Of Acquirer(s)/Company | Mr. Rama Swamy Reddy Pedinekaluva (“Acquirer 1”) and Mr. Narsing Balwanth Singh (“Acquirer 2”) (Acquirer-1 and Acquirer-2 |
| Buyer Member | Allwin Securities Limited |
| Book Running Lead Manager | NAVIGANT CORPORATE ADVISORS LIMITED |
| Registrar | Aarthi Consultants Pvt Ltd |
| Exchange Notices | 1) Opening of Offer to Buy – Acquisition Window (Takeover) of MARUTI SECURITIES LIMITED2) Offer to Buy – Acquisition Window (TAKEOVER) for MARUTI SECURITIES LIMITED- Live Activities Schedule |
Maruti Securities IPO opens on 11-12-2024, and closes on 24-12-2024
| Start Date | 11-12-2024 |
|---|---|
| End Date | 24-12-2024 |
| Issue Period | 11 Dec 2024 to 24 Dec 2024 |
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