Sangani Hospitals IPO: Issue opens on August 4; Check price band, GMP, other key things to know
small and medium enterprises (SME). The IPO will remain open for public subscription till August 8. Check out key things to know about Sangani Hospitals IPO: Sangani Hospitals IPO Dates: Sangani Hospitals IPO opens for subscription on Friday, August 4, and will close on August 8, Tuesday.
The basis of share allotment is expected to be fixed on August 11 and the company will begin refunds on August 14. Sangani Hospitals shares will be credited to the demat accounts of eligible shareholders on August 16. Sangani Hospitals IPO Price Band: The company is selling shares in the IPO at a price band of ₹37 to ₹40 per share.
IPO Issue Size: Sangani Hospitals IPO comprises a fresh issue of 37.92 lakh equity shares of face value of ₹10 each. At the upper end of the price band, Sangani Hospitals IPO size is worth ₹15.17 crore. Also Read: SBFC Finance IPO: Issue fully subscribed on day 1; NII, retail portion sees huge demand IPO Lot Size: Sangani Hospitals IPO lot size is 3,000 shares.
The minimum investment amount required for retail investors is ₹120,000. Sangani Hospitals IPO Objective: The company plans to utilise the proceeds from the issue to carry out the capital expenditure for expansions in Sangani Hospital at Keshod and Sangani Super Speciality Hospital at Veraval, in Gujarat and also for general corporate purposes. IPO Reservation: The company has reserved 45% of the net issue for Non-Institutional Investors (NII) and another 45% of shares for retail investors.
Qualified Institutional Investors (QIB) are offered 10% of the net issue. Sangani Hospitals Promoters: Dr. Ajaykumar Sangani, Dr.
Rajeshkumar Sangani, Kamalkumar Sangani and Dr. Vaishali Sangani are the promoters of Sangani Hospitals. Sangani Hospitals IPO Listing D
. Read more on livemint.com
