AccelerateBS India IPO: Issue to open on July 6; Check price band, GMP, among other key things to know

livemint.com:

AccelerateBS India IPO Dates: The AccelerateBS India IPO will open on July 6 and close on July 11. The basis of allotment is likely to be fixed on July 14 and initiation of refunds will take place on July 17, while the shares are likely to be credited to the demat accounts of eligible allottees on July 18. Also Read: Kaka Industries IPO: Check key dates, price band, among 10 things to know Issue Price: The company is selling shares at a fixed price of ₹90 apiece in the IPO.

Lot Size: The lot size of AccelerateBS India IPO is 1,600 shares. The minimum investment amount required for retail investors is ₹144,000. AccelerateBS India IPO Size: The AccelerateBS IPO consists of sale of 6.32 lakh shares, taking the total issue size of up to ₹5.69 crore.

IPO Details: The IPO comprises a fresh issue of 188,800 shares aggregating up to ₹1.70 crore and an offer for sale (OFS) of 443,200 shares aggregating up to ₹3.99 crore. Face Value: The face value of each share is ₹10. AccelerateBS India IPO Listing: The shares of AccelerateBS India are expected to be listed on July 19, at BSE SME platform.

IPO Reservation: The company has reserved 50% of the net issue for retail investors and the rest 50% for other investors. Also Read: Synoptics Technologies Limited IPO: GMP jumps as SME issue gets fully subscribed Issue Lead Manager, Registrar: Shreni Shares Pvt Ltd is the lead manager for the IPO, while Bigshare Services Pvt Ltd is the IPO registrar. IPO Objectives: The company proposes to utilize the net proceeds from the fresh issue towards funding long-term working capital requirements and general corporate purposes.