Share the post "IPO Launch: Upl’s Rights Issue on 05-12-2024!"
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. Upl IPO of Rights Issue type offers an equity issue (inclusive of premium) with a face value of ₹ 2.00. The issue is live from 05 Dec 2024 to 17 Dec 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 | UPL LIMITED |
|---|---|
| Offer Price () | 360.00 |
| Face Value | 2.00 |
| Type Of Issue | RI |
| Issue Status | Forthcoming |
| Security Type | Equity |
| Issue Period | 05 Dec 2024 to 17 Dec 2024 |
| Issue Size – No.of Shares | 9,38,25,955 |
| Price (Inclusive Of Premium) | 360.00 |
| Market Lot | 1 |
| LTP | 568.30 |
| Book Running Lead Manager | 1) AXIS CAPITAL LIMITED2) BNP Paribas3) J.P.Morgan India Private Limited4) JM Financial Limited5) MORGAN STANLEY INDIA COMPANY PVT LTD |
| Registrar | LINK INTIME INDIA PRIVATE LIMITED |
| Remarks | Notice no.:20241203-36 |
| Notes | Issue of up to 9,38,25,955 Rights Equity Shares for cash at a price of Rs. 360.00 per Rights Equity Share (including a premium of Rs.358.00 per Rights Equity Share) aggregating to Rs. 3,377.74 crores on a rights basis to the Eligible Equity Shareholders of our Company in the ratio of one Rights Equity Share for every eight fully paid-up Equity Shares held by the Eligible Equity Shareholders of the Company on the Record Date. On Application, Investors will have to pay Rs. 90.00 per Rights Equity Share (including a premium of Rs.89.50 per Rights Equity Share) which constitutes 25% of the Issue Price and the balance Rs.270.00 per Rights Equity Share (including a premium of Rs.268.50 per Rights Equity Share) which constitutes 75% of the Issue Price, will have to be paid, on one or more additional Calls as may be decided by the Board / Rights Issue Committee, pursuant to the Payment Schedule after receipt of the Application Money. |
Upl IPO opens on 05-12-2024, and closes on 17-12-2024
| Start Date | 05-12-2024 |
|---|---|
| End Date | 17-12-2024 |
| Issue Period | 05 Dec 2024 to 17 Dec 2024 |
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