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Welcome to our analysis of INDIA RADIATORS LTD’s public offering. This post provides an overview of the company’s Initial Public Offering (IPO), which runs from 19 Apr 2024 to 03 May 2024. INDIA RADIATORS LTD, offers shares priced between 6.00 each, with a face value of ₹10.00 per share.
| Security Name | INDIA RADIATORS LTD |
|---|---|
| Start Date | 19-04-2024 |
| End Date | 03-05-2024 |
| Offer Price () | 6.00 |
| Face Value | 10.00 |
| Type Of Issue | Takeover |
| Issue Status | Live |
| Scripname | INDIA RADIATORS LTD |
| Security Type | Equity |
| Symbol | INRADIA |
| Issue Type | Takeover |
| Issue Period | 19 Apr 2024 to 03 May 2024 |
| Tick Price | 0.01 |
| Market Lot | 1 |
| Book Size – No. Of Shares | 2,34,000 |
| Minimum Offer Quantity | 1 |
| Maximum Offer Quantity | 2,34,000 |
| Floor Price/Offer Price | 6.00 |
| Indicative Price | |
| Cummulative Bid Quantity | – |
| Name Of Acquirer(s)/Company | Mercantile Ventures Ltd |
| 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 INDIA RADIATORS LIMITED2) Settlement Schedule Offer to Buy – Acquisition Window (Takeover) for INDIA RADIATORS LIMITED3) Offer to Buy – Acquisition Window (TAKEOVER) for RAJASTHAN GASES LTD- Live Activities Schedule |
The IPO, employing a book-building process, targets both non-institutional and qualified institutional investors. Bid quantities are capped at shares for non-institutional investors and shares for qualified institutional investors.
Exchange notices detail allocation to anchor investors, and CAMEO CORPORATE SERVICES LTD. acts as the registrar. are the sponsor banks.
