Canarys Automations IPO: Price band, GMP, subscription status, other key details of SME issue

livemint.com:

₹47.03 crore from the share sale that will close on October 3. Canarys Automations is an IT solutions provider in the digitalization, modernization, Automation, and intelligence space. The company has two business verticals: Technology solutions and Water Resource Management Solution.

Also Read: Vivaa Tradecom IPO: Price band, GMP, subscription status, other key details as SME issue opens Let us delve deeper into the Canarys Automations IPO details, subscription status and GMP today: Canarys Automations IPO opened for public subscription on September 27 and will remain open till October 3. The basis of IPO allotment is expected to be finalized on October 6, 2023, and the company may initiate refunds on October 9, while credit the shares to allottees on October 10. Canarys Automations shares will list on NSE SME with a tentative listing date of October 11, 2023.

Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! Canarys Automations IPO issue size is ₹47.03 crore which is entirely a fresh issue of 1.51 crore shares. Canarys Automations IPO price band is ₹29 to ₹31 per share. The IPO lot size is 4,000 shares and the minimum investment amount required by retail investors is ₹124,000 The book running lead manager of the Canarys Automations IPO is Indorient Financial Services Ltd, while Link Intime India Pvt Ltd is the IPO registrar for the issue.

Also Read: Kontor Space IPO: GMP, review, subscription status on day 1, other key details Canarys Automations IPO has been subscribed 29% so far on day 1. The public issue subscribed 40% in the retail category and 38% in the Non-Institutional Investors' (NII) category so far. Canarys