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New Swan Multitech IPO: Issue oversubscribed on day 1 on strong retail, NII interest; GMP steady
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₹62 to ₹66 apiece, as per primary market expert. New Swan Multitech IPO lot size consists of 2,000 shares.
Considering that the minimum lot size for an application is 2000 shares, retail investors must contribute a minimum of ₹1.32 lakh. The minimum bidding amount for HNIs is two lots, or 4,000 shares, with a maximum investment of ₹2.64 lakh.
New Swan Multitech IPO has reserved not more than 50% of the shares in the public issue for Qualified Institutional Buyers (QIB), not less than 15% for Non Institutional Investors (NII), and not less than 35% of the offer is reserved for Retail Investors. "Exciting news! Mint is now on WhatsApp Channels
. Read more on livemint.comAbout this in other media
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