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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. Shangar Decor IPO of Rights Issue type offers an equity issue (inclusive of premium) with a face value of ₹ 5.00. The issue is live from 08 Nov 2024 to 06 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 | SHANGAR DECOR LTD |
|---|---|
| Offer Price () | 5.76 |
| Face Value | 5.00 |
| Type Of Issue | RI |
| Issue Status | Forthcoming |
| Security Type | Equity |
| Issue Period | 08 Nov 2024 to 06 Dec 2024 |
| Issue Size – No.of Shares | 8,56,82,800 |
| Price (Inclusive Of Premium) | 5.76 |
| Market Lot | 1 |
| LTP | 8.25 |
| Registrar | Purva Sharegistry (India) Private Limited |
| Remarks | Notice no. :20241106-8 |
| Notes | Issue of upto fully paid up 8,56,82,800 Equity Shares with a face value of Rs. 5/- each for cash at a price of Rs.5.76/- per Equity Share aggregating up to Rs.4935.33 Lakhs on a rights basis to Eligible Shareholders in the ratio of 7 (Seven) Rights Equity Shares for every 1 (One) fully paid-up Equity Share held on the Record Date i.e. Monday, 28th October, 2024. |
Shangar Decor IPO opens on 08-11-2024, and closes on 06-12-2024
| Start Date | 08-11-2024 |
|---|---|
| End Date | 06-12-2024 |
| Issue Period | 08 Nov 2024 to 06 Dec 2024 |
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