Pune E-Stock Broking Limited IPO Opens Today: Check Price Band, Face Value, Lot Size, GMP, And More

Pune E-Stock Broking IPO opens for subscription today, March 7, 2024 (Thursday).

Written By Pawan Rai|Last Updated: Mar 07, 2024, 01:28 PM IST|Source: Bureau

The IPO is valued at Rs 38.23 crore.
The price band for the IPO has been set between Rs 78 to Rs 83 per share.
The face value of each share is Rs 10.

Pune E-Stock Broking Limited IPO Opens Today: Check Price Band, Face Value, Lot Size, GMP, And More

File Photo

New Delhi: The stock market is on upward momentum. Analysts are optimistic about the spree that will continue in the future. As a result, the market is going through various engaging activities this week. If you are also interested in investing in IPOs, this may be the right opportunity.

Pune E-Stock Broking IPO: Subscription Dates

Pune E-Stock Broking IPO opens for subscription today, March 7, 2024 (Thursday). The IPO will be closing on March 12, 2024. (Also Read: Mukka Proteins Shares Jump Over 57% In Debut Trade)

Pune E-Stock Broking IPO: Price Band And Face Value

The price band for the IPO has been set between Rs 78 to Rs 83 per share, with a face value of Rs 10 each. (Also Read: 7 Fresh IPOs Set To Hit Market This Week: Check A-Z Of Upcoming Offerings)

Pune E-Stock Broking IPO: Lot Size

Investors have to apply with more amount because the offering has a lot size consisting of 1,600 shares. They can bid for a minimum of 1,600 shares and in multiples after that.

Pune E-Stock Broking IPO: Grey Market Premium (GMP)

As per investorgain.com, the grey market premium (GMP) for Pune E-Stock Broking IPO currently stands at Rs 0. This implies that shares are trading at their issue price of Rs 83 with no premium or discount.

Pune E-Stock Broking IPO: Size

The IPO is valued at Rs 38.23 crore, comprising a fresh issue of 4,606,400 equity shares. Notably, there is no offer-for-sale component, making it a completely fresh issue.

Pune E-Stock Broking IPO: Allotment Quota

The allocation breakdown reserves not more than 50 percent for Qualified Institutional Buyers (QIB), at least 15 percent for Non-Institutional Investors (NII), and a minimum of 35 percent for retail investors.

About Pune E-Stock Broking

Pune E-Stock Broking Ltd offers a comprehensive platform for trading in Equity, Futures & Options, Currency, and Commodities with the Stock Exchange. This IPO is expected to fuel the company's growth trajectory.