Shiv Texchem IPO opens: Check GMP, price band, and other details
The SME IPO of Shiv Texchem has opened for subscription today and will close on October 10. The company aims to raise Rs 101 crore through the IPO and list its shares on the BSE SME platform. Here are 10 key things investors should know about the public offer before subscribing.
1) Shiv Texchem IPO size
The IPO is entirely a fresh equity sale of 61.05 lakh shares and through the issue, the company plans to raise about Rs 101 crore.
2) Shiv Texchem IPO price band
The company is offering its shares at Rs 158-166 apiece, and investors can bid for 800 shares in one lot.
3) Shiv Texchem GMP
In the unlisted market, the company’s shares were trading with a GMP of Rs 40, indicating a premium of 18% over the issue price.
4) About Shiv Texchem
The…
