Khazanchi Jewellers IPO: Much-awaited Initial Public Offering (IPO) Khazanchi Jewellers, which has opened for subscription today and will be available for bidding until 28th July 2023. This IPO is exclusively for listing on the BSE SME exchange, with the company aiming to raise ₹97 crore from the public offer.
As of 2:16 PM on the first day of bidding, the response from investors appears to be moderate, with the SME issue being subscribed 0.09 times, and the retail portion being subscribed 0.08 times. The fixed price for this IPO stands at ₹140 per equity share, and each lot will comprise 1,000 company shares.
Now, let’s take a look at some essential details related to Khazanchi Jewellers IPO:
Khazanchi Jewellers IPO GMP
The SME issue has made its debut in the grey market, where shares of Khazanchi Jewellers Ltd are currently available at a premium of ₹3 per share, according to market observers.
IPO price
The company has set the price for this SME issue at ₹140 per equity share.
Subscription status
As of 2:16 PM on the first day of bidding, the public issue has been subscribed 0.09 times, while the retail portion has been subscribed 0.08 times.
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IPO Size
The aim of this public issue is to raise ₹97 crore through the SME IPO.
Khazanchi Jewellers IPO lot size: Interested bidders can apply in lots, where each lot will consist of 1,000 company shares.
Khazanchi Jewellers IPO investment limit
To apply for the public offer, a bidder would need ₹1.40 lakh ( ₹140 x 1,000) to cover the cost of one lot.
Khazanchi Jewellers IPO allotment Date
After the bidding period ends, the share allocation process is expected to take place on 2nd August 2023.
Khazanchi Jewellers IPO Registrar
The official registrar for the SME IPO is Cameo Corporate Services Limited.
Khazanchi Jewellers IPO listing Date
The company is targeting to list its shares on the BSE SME exchange, with the likely IPO listing date being 7th August 2023.
If you’re interested in becoming a part of Khazanchi Jewellers’ journey, remember to subscribe to their IPO before 28th July 2023. Don’t miss this opportunity to be a part of a promising venture!
