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Welcome to our analysis of SPRINGFORM TECHNOLOGY 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. SPRINGFORM TECHNOLOGY LTD, offers shares priced between 200.00 each, with a face value of ₹10.00 per share.
| Security Name | SPRINGFORM TECHNOLOGY LTD |
|---|---|
| Start Date | 19-04-2024 |
| End Date | 03-05-2024 |
| Offer Price () | 200.00 |
| Face Value | 10.00 |
| Type Of Issue | Takeover |
| Issue Status | Live |
| Scripname | SPRINGFORM TECHNOLOGY LTD |
| Security Type | Equity |
| Symbol | SFTL |
| Issue Type | Takeover |
| Issue Period | 19 Apr 2024 to 03 May 2024 |
| Tick Price | 0.05 |
| Market Lot | 1 |
| Book Size – No. Of Shares | 13,000 |
| Minimum Offer Quantity | 1 |
| Maximum Offer Quantity | 13,000 |
| Floor Price/Offer Price | 200.00 |
| Indicative Price | |
| Cummulative Bid Quantity | ( AS ON Apr 26 2024 4:00PM )
Total Cumulative Bidded QtySubscription% of Total Total00.00% Demat Shares00.00% Physical Shares00.00% |
| Name Of Acquirer(s)/Company | Amandeep Singh (“Acquirer 1”),Paramjeet Singh Chhabra (“Acquirer2”) and Amarjeet Kaur Sachdeva (“Acquirer 3”) as (Hereinafter collectively referred to as “Acquirers”) |
| Buyer Member | Nikunj Stock Brokers Ltd |
| Book Running Lead Manager | FINTELLECTUAL CORPORATE ADVISORS |
| Registrar | Skyline Financial Services Pvt. Limited |
| Exchange Notices | 1) Opening of Offer to Buy – Acquisition Window (Takeover) of SPRINGFORM TECHNOLOGY LIMITED2) Settlement Schedule Offer to Buy – Acquisition Window (Takeover) for SPRINGFORM TECHNOLOGY LIMITED. 3) Offer to Buy – Acquisition Window (TAKEOVER) for SPRINGFORM TECHNOLOGY 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 Skyline Financial Services Pvt. Limited acts as the registrar. are the sponsor banks.
