Earning Opportunity! Apply here till December 10, Rs 14,750, know how many people have invested money so far?

IPO News: If you are also planning to invest money in the IPO of any company, then in the last month of this year also you are getting many opportunities. At present, the IPO of Shriram Properties has become open for subscription. The company’s IPO has got 89 percent subscription on the first day. You can invest in the company’s IPO till December 10.

This year has 57 IPOs
Let us tell you that this is the 57th IPO of this year. According to the BSE data, individual investors have been subscribed 4.85 times. The company had raised Rs 268 crore from anchor investors on Tuesday.

Know how much was subscribed by whom?
According to the data, on the offer of 2,93,51,639 shares made by the company, bids were received for a total of 2,60,79,375 shares. The non-institutional investor category was subscribed 4 per cent and the shares reserved for employees 36 per cent.

IPO to close on December 10
Under the IPO, fresh shares worth Rs 250 crore have been issued and an offer for sale (OFS) of Rs 350 crore has been brought. The price range for the IPO has been fixed at Rs 113 to Rs 118 per share. The IPO will close on December 10.

Will have to invest Rs 14,750
Shriram Properties has fixed a price band of Rs 113 to 118 per share IPO. On the basis of the upper price band, the company is going to raise Rs 600 crore from the market. The company has fixed a lot size of 125 shares of Rs 14,750. Any small investor can apply in IPO for a maximum of 13 lots.

Disclaimer: The information provided here is being given for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. It is never advised to invest any money from ABPLive.com here.

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