Welcome to our analysis of SAWACA BUSINESS MACHINES LTD’s public offering. This post provides an overview of the company’s Initial Public Offering (IPO), which runs from 02 Apr 2024 to 30 Apr 2024. SAWACA BUSINESS MACHINES LTD, offers shares priced between 1.00 each, with a face value of ₹1.00 per share.
| Security Name | SAWACA BUSINESS MACHINES LTD |
|---|---|
| Start Date | 02-04-2024 |
| End Date | 30-04-2024 |
| Offer Price () | 1.00 |
| Face Value | 1.00 |
| Type Of Issue | RI |
| Issue Status | Live |
| Letter Of Offer | Click here |
| Application Forms | Click here |
| Abridged Letter | Click here |
| Security Type | Equity |
| Issue Period | 02 Apr 2024 to 30 Apr 2024 |
| Issue Size – No.of Shares | 45,76,39,600 |
| Price (Inclusive Of Premium) | 1.00 |
| Market Lot | 1 |
| LTP | 1.26 |
| Registrar | BIGSHARE SERVICES PRIVATE LTD |
| BSE Bid Quantity (ASBA) | 2,65,97,659 As on Apr 26 2024 5:00PM |
| Remarks | Notice:20240328-5 |
| Notes | ISSUE OF UP TO 457639600 EQUITY SHARES WITH A FACE VALUE OF RE. 1.00 EACH (“RIGHTS EQUITY SHARES”) OF OUR COMPANY FOR CASH AT A PRICE OF RS.1 EACH INCLUDING A SHARE PREMIUM OF NIL PER RIGHTS EQUITY SHARE (“ISSUE PRICE”) FOR AN AGGREGATE AMOUNT UP TO RS.4576.396 Lakhs* ON A RIGHTS BASIS TO THE ELIGIBLE EQUITY SHAREHOLDERS OF OUR COMPANY IN THE RATIO OF 4 (FOUR) RIGHTS EQUITY SHARES FOR EVERY 1 (ONE)FULLY PAID-UP EQUITY SHARES HELD BY THE ELIGIBLE EQUITY SHAREHOLDERS ON THE RECORD DATE THAT IS ON 07TH DAY, MARCH, 2024(THE “ISSUE”). THE ISSUE PRICE FOR THE RIGHTS EQUITY SHARES IS EQUAL TO THE FACE VALUE OF THE EQUITY SHARES. FOR FURTHER DETAILS, SEE “TERMS OF THE ISSUE” ON PAGE 117. * Assuming full subscription. Subject to finalization of the Basis of Allotments. |
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 BIGSHARE SERVICES PRIVATE LTD acts as the registrar. are the sponsor banks.
