SME IPO of Trafiksol ITS Technologies opens for subscription earlier today and will close on September 12. The company aims to raise about Rs 45 crore through the SME IPO and list the shares on BSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.
The IPO is entirely a fresh equity issue of 64.1 lakh shares and through the issue, the company plans to raise Rs 45 crore.
The company is offering its shares at Rs 66-70 apiece, and investors can bid for 2000 shares in 1 lot.
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In the unlisted market, the company's shares are trading with a GMP of Rs 80, which translates to a premium of 114% over the issue price.
The company was incorporated in 2018 with the object of providing comprehensive solutions for