07 March 2024 – As the stock market continues its upward trajectory, Pune E-Stock Broking Limited marks a significant development, with its initial public offering (IPO) opening for subscription today, March 7, 2024. Investors are keenly watching this IPO, which presents an opportune moment for those looking to delve into the market.
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Details and Highlights:
- The IPO subscription period extends until March 12, 2024.
- The price band is set at Rs 78 to Rs 83 per share, with a face value of Rs 10 each.
- The lot size for the IPO is 1,600 shares, requiring investors to apply for a minimum of 1,600 shares and in multiples thereafter.
Grey Market Premium (GMP):
The current Grey Market Premium (GMP) for the Pune E-Stock Broking IPO, as reported by investorgain.com, stands at Rs 0. This indicates that shares are trading at the issue price of Rs 83, with no premium or discount.
IPO Size and Allocation:
- The IPO is valued at Rs 38.23 crore, comprising a fresh issue of 4,606,400 equity shares.
- It is a completely fresh issue with no offer-for-sale component.
- Allocation breakdown: Not more than 50% for Qualified Institutional Buyers (QIB), at least 15% for Non-Institutional Investors (NII), and a minimum of 35% for retail investors.
Pune E-Stock Broking Ltd offers a comprehensive trading platform for Equity, Futures & Options, Currency, and Commodities. The IPO, with a focus on fresh issuance, is anticipated to propel the company’s growth trajectory.
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Conclusion:
As investors navigate the dynamic stock market landscape, Pune E-Stock Broking’s IPO emerges as a noteworthy opportunity. The IPO’s pricing, size, and allocation strategy provide investors with crucial insights, and the success of the offering is poised to contribute to the company’s expansion and development within the stock market ecosystem.
