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A new opportunity to win betting on IPO is about to arrive.
Udayashivkumar Infra IPO to be held on March 20
IPO price band set at Rs 33 to Rs 35 per share
New Delhi. Investors are going to get another chance to win in the stock market. In fact, the initial public offering (IPO) of the construction company Udayashivkumar Infra Ltd. is about to launch. This IPO will open on March 20 and the last day to bet is March 23.
The company has set the initial public offering price band at Rs 33 to Rs 35 per share. The company will raise Rs 66 crore through initial public offering. There is a possibility of going public on April 3, 2023. According to market experts, the company’s shares are available today at a premium of Rs 10 on the gray market.
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Stock allocation likely to take place on March 28, 2023
The bidder will be able to apply in lots and one IPO lot consists of 428 shares of the company. The allotment of shares in the company is likely to take place on March 28, 2023. MAS Services Limited has been appointed as the official registrar of the issue.
Where will the fund be used?
Proceeds from the initial public offering will be used for working capital requirements and for general corporate purposes.
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what the company does
Proceeds from the initial public offering will be used for working capital requirements and for general corporate purposes. Udayashivkumar is associated with road infrastructure construction work. The company bids for construction projects of roads, bridges, canals and industrial areas in Karnataka, including government departments.
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Tags: Business News, business news in hindi, initial public offering, market share
FIRST POSTED: Mar 19, 2023, 04:50am IST
