Durlax Top Surface IPO price band set at ₹65-68 per share: check issue size, key dates and other details
₹65 to ₹68 per share of face value of ₹10 each. The SME (Small and Medium enterprises) will open for subscription for investors on Wednesday, 19 June 2024.The subscription period for the Durlax Top Surface IPO begins on June 19, 2024, and ends on June 21, 2024.
On Monday, June 24, 2024, the allotment for the Durlax Top Surface IPO is anticipated to be completed. The proposed listing date for the Durlax Top Surface Initial Public Offering (IPO) is Wednesday, June 26, 2024, on NSE SME.Also Read- DEE Development IPO to kick off for subscription on June 19; check out 10 key things to know from RHP before investingAn application of a minimum of 2000 shares has to be made by retail investors for Durlax Top Surface IPO.
Looking at the price band of ₹65-68 retail investors need to invest a minimum of ₹136,000. Not less than 35.00% of the Offer has been reserved for the retail investors.
HNI or High-Net-Worth Individual on the other hand are required to make a minimum investment for two lots, or 4,000 shares, for a total consideration of ₹272,000.The book-built Durlax Top Surface IPO is valued at ₹40.80 crores. The offering consists of an initial public offering of 42 lakh shares valued at ₹28.56 crores and an offer to sell 18 lakh shares valued at ₹12.24 crores.Also Read- Glenmark, JB Pharma, Ajanta, Zydus, Sanofi lead Indian Pharma Market growth during May'2024Durlax Top Surface intends to utilize the funds raised from the IPO ( other than OFS) for-Part financing of its working capital requirements;For the General corporate purposes; andfor meeting the expenses pertaining to this IPO.Earlier known as called Durlax Archtech Private Limited, Durlax Top Surface Limited was founded in 2010 and sells solid surface materials all
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