Today is the second day of Leo Dry Fruits and Spices IPO, it received 2.80 times subscription on the first day itself
The IPO of Leo Dry Fruits and Spices has opened in the market on January 1. Let us tell you that the company's shares will be listed on the Bombay Stock Exchange (BSE) on January 8. Investors have a great opportunity to bid in this IPO.
If you invest in the stock market, then this news can be very good for you. Actually, the IPO of Leo Dry Fruits and Spices has opened in the stock market. This IPO opened on January 1 and has received a great response from the very first day. The company has offered a total of 35.6 lakh shares, while bids have been placed for 98.32 lakh shares on the very first day.
According to BSE data, till 5:00 pm, bids for 98,32,000 shares had been received against the offer of 35,06,000 shares of Leo Dry Fruits and Spices Trading. So far this IPO has received 2.80 times subscription.
What is the fixed price band?
In fact, the price band of this IPO, which opened on January 1, has been fixed by the company at ₹ 51 to ₹ 52 per share. The minimum lot size of this IPO has been kept at 2000 shares, that is, investors can bid for a minimum of 2000 shares. The company’s shares will be listed on the Bombay Stock Exchange (BSE) on January 8. In such a situation, if you are also waiting to invest in the IPO, then let us tell you that you will get a chance to bid for this IPO of Leo Dry Fruits and Spices till January 3.
The money raised through IPO will be used for this work
The company has issued a total of 35,06,000 fresh shares through this IPO. After the issue of shares, the total stake of the promoter and promoter group in the company will be 38.11%. The company is also considering reserving 2,46,000 equity shares through this IPO. At the same time, the company can use the money raised through the IPO for branding, advertising and marketing activities as well as other corporate purposes.
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