Upcoming IPO: If you want to earn profits by investing in IPO, then a business application and digital transformation solution company is bringing a great opportunity for you. This new initial public offering is going to open on December 9 or tomorrow. Investors can place bets in this till 13 December. For this, the price bank has been fixed from Rs 87 to Rs 90 per share.
IPO details
All E Technologies The company has set a target of raising Rs 48.20 crore under this IPO. The company’s shares are currently trading at a premium of Rs 60 in the gray market. According to the prescribed upper price band, its shares can be listed at Rs 150. At the same time, the listing of IPO can be done on 21 December. This listing will be on NSE SME. The date for allotment of shares has been fixed on December 16. Bets can be made for a minimum of 1600 shares in one lot of the issue. This means the retail investor may have to spend around Rs 1 lakh 44 thousand.
The company is doing business for a long time
Talking about the company’s business, All E Technologies is a business application and digital transformation solution company, which is doing its business since the year 2000. According to the report, for the last several years, it is providing its service to more than 700 customers. Not only this, its business has also spread to Europe, USA, Africa, Middle East and APAC.
Disclaimer: The purpose of this news is only to share information. MP Breaking News does not recommend investing in any IPO or scheme. Do take the advice of experts.