Amanaya Ventures, a BSE SME initial public offering (IPO), opened on February 24 and will close tomorrow for NII and retail investors. The share of investors for NII is 50 per cent, and retail is 50 per cent.
The price band of the issue was fixed 23 a share. IPO bid for 6000 shares 138,000.
2.76 Crore Initial Share-Sale consisting of 12,00,000 Equity Shares of face value 10.
IPO The date of allotment is March 3 and the shares of the company are expected to be listed on BSE SME on March 9.
First Overseas Capital Limited is the book running lead manager to the issue.
Manan Mahajan is the promoter of the company.
Hemang Jani, equity strategist, Motilal Oswal Financial Services, said, “The sentiment is weak at the moment. Most of these companies are looking to raise money at valuations higher than what is possible in the market and there is no proper appetite.
How to apply for Amanaya Ventures IPO?
A person can apply for the Amanaya Ventures IPO using the IPO form which can be downloaded through the BSE website. Click on BSE IPO Form download, fill and submit to your bank or to your broker.
March IPO may bring back the interest in the market as many public offers are expected to come in the market. It comes after a brief lull this month.
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