New Swan Multitech Limited is set to make its mark in the market with a fresh IPO offering, aiming to raise Rs 33.11 crores through a book-built issue. The entire issue comprises 50.16 lakh fresh shares, enticing potential investors with an opportunity to become part of the company’s growth story.
New Swan Multitech IPO Subscription WindowThe IPO subscription window is open from January 11 to January 15, 2024, providing investors a limited timeframe to invest in the IPO.
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New Swan Multitech IPO Allotment DateThe anticipated allotment date is January 16, 2024.
New Swan Multitech IPO Listing DateThe IPO of New Swan Multitech is expected to make its debut on the BSE SME platform on January 18, 2024.
New Swan Multitech IPO Price Band And Minimum InvestmentThe investors can participate in the IPO within a price band of Rs 62 to Rs 66 per share, with a minimum lot size of 2000 shares. Retail investors looking to join the venture need a minimum investment of Rs 132,000, while High Net Worth Individuals (HNIs) are required to invest in 2 lots, totaling 4,000 shares and amounting to Rs 264,000.
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New Swan Multitech IPO GMP
The lead managers for this IPO are Hem Securities Limited and Share India Capital Services Private Limited, ensuring a smooth process for potential shareholders. Meanwhile, Bigshare Services Pvt Ltd is serving as the registrar for the issue.
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New Swan Multitech AboutFounded in 2014, New Swan Multitech Limited specializes in precision-engineered components and parts catering to the automotive industry and modern farming sectors. Their automotive product portfolio boasts a diverse range, including assembly engine hangers, hinge body covers, front cover stay components, fuel filler cap components, main stand complete assemblies, engine guard plates, rear brake arm assemblies, separator breathers, cable guide assemblies, and battery tray components.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. TN NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
