IPHL IPO: Detailed Information for Investors

Published On: 25/08/20241.4 min read

IPHL is set to launch its Initial Public Offering (IPO) from August 26, 2024, to August 29, 2024. This IPO comprises a fresh issue of 68,04,000 equity shares, including a Market Maker portion of 3,73,200 equity shares and an anchor allocation of 19,28,400 equity shares. The IPO is conducted through 100% Book Building with a price range of Rs. 94 to Rs. 99 per equity share. Each share has a face value of Rs. 10, and the minimum bid lot is 1,200 equity shares.

Key Details:

  • Bid Period: August 26-29, 2024
  • Price Range: Rs. 94 to Rs. 99 per share
  • Bid Lot: 1,200 shares
  • IPO Market Timings: 10:00 AM to 5:00 PM
  • Maximum Subscription for Retail Investors: Rs. 2,00,000

UPI Mandate Confirmation: Investors applying via UPI must confirm their mandates by 5:00 PM on August 29, 2024. Applications with a confirmed mandate amount (RC100 status) will be considered valid.

Book Running Lead Manager: Beeline Capital Advisors Private Limited
Sponsor Bank: Axis Bank Limited
Registrar: Bigshare Services Private Limited

Purpose of the IPO: The IPO aims to raise capital for the company’s growth, which includes expanding operations, meeting working capital requirements, and general corporate purposes.

Investment Considerations: Investors should carefully evaluate the risks associated with this IPO, including market volatility and company-specific factors. The IPO represents an opportunity to invest in a growing company with strategic plans for expansion.

Additional Resources: For detailed information, including sample application forms, the Red Herring Prospectus, and guidelines for UPI-based ASBA processes, investors can visit the official NSE page or contact the registrar directly.

This IPO offers a promising opportunity for investors looking to participate in the equity market with a focus on long-term growth potential. However, it’s essential to review all the provided documentation and understand the investment’s risks and benefits before committing funds.

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