INDIQOBE Spaces IPO: IPO will open on this day, check price bands and other necessary details
Indichube spaces IPO: The IPO of Indicube Space, a company providing the workplace, will open for subscription on Wednesday, July 23. This IPO will be closed on Friday, 25 July. The company wants to raise a total of Rs 700 crore through its IPO, for which a total of 2,95,35,864 shares will be issued. Under the Indicube space IPO, 2,74,26,160 fresh shares worth Rs 650 crore will be issued, while 21,09,704 shares worth Rs 50 crore will be issued through OFS.
The company fixed the price band for shares with face value of 1 rupee
Indicube Space has fixed a price band of Rs 225 to Rs 237 for each stock with a face value of Rs 1 for its IPO. However, the employees of the company will get a discount of Rs 22 on each stock in this IPO. Retail investors will have to invest at least Rs 14,175 for Indicube Space IPO, for which they will be given 63 shares in 1 lot. However, retail investors can subscribe to a maximum of 13 lots i.e. 819 shares, for which they will have to invest Rs 1,94,103.
On which day will the company be listed in the stock market
The IPO of Indicube space will close on 25 July, after which the shares can be allotted on 28 July. The next day, on July 29, share will also be credited to investors’ demat accounts. Investors who do not get shares will get a refund on July 29. It is a mainboard IPO, which will be listed on both major exchanges- BSE and NSE of the domestic stock market. Indicube space shares can be listed in the stock market on Wednesday, July 30 for business.
Disclaimer: This article has been written only for the purpose of information. Before any type of investment or before taking financial risks, consult your financial advisor. India TV will not be responsible for any type of risk.
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