Optivalue Tek Consulting IPO: GMP, Price Band & Details
- Optivalue Tek Consulting's initial public offering (IPO) opened for subscription on tuesday, September 10, and will close on Thursday, September 12.
- Investors can bid for a minimum lot size of 3,200 shares.This means the minimum investment required woudl be ₹256,000 (3,200 shares x ₹80) at the lower end of...
- Optivalue Tek consulting provides technology consulting and services.
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Optivalue Tek Consulting IPO: Details, Subscription, and Key Details
Optivalue Tek Consulting’s initial public offering (IPO) opened for subscription on tuesday, September 10, and will close on Thursday, September 12. The company is aiming to raise ₹51.82 crore (approximately $6.23 million USD as of September 2, 2024) through a fresh issue of 61.7 lakh equity shares. The price band for the IPO has been set at ₹80-84 per share.
Subscription Details and Lot size
Investors can bid for a minimum lot size of 3,200 shares.This means the minimum investment required woudl be ₹256,000 (3,200 shares x ₹80) at the lower end of the price band, and ₹268,800 (3,200 shares x ₹84) at the higher end. The IPO is entirely a fresh issue, meaning no existing shares are being offered by current shareholders.
| Parameter | Details |
|---|---|
| Issue Size | ₹51.82 crore |
| Shares Offered | 61.7 lakh |
| Price Band | ₹80 – ₹84 per share |
| minimum Lot Size | 3,200 shares |
Company Overview
Optivalue Tek consulting provides technology consulting and services. further details regarding the company’s specific services, client base, and financial performance can be found in the Optivalue Tek Consulting topic page on The Economic Times. The company aims to leverage the IPO proceeds for[[[[Note: The article does not specify how the proceeds will be used. This information shoudl be added if available from the IPO prospectus.]such as debt repayment, working capital requirements, and potential expansion initiatives.
IPO Details and Objectives
the IPO is being managed by[[[[Note: The article does not mention the lead managers. This information should be added if available from the IPO prospectus.]. The company’s prospectus outlines the risks and opportunities associated with the investment. Investors are advised to carefully review the prospectus before making any investment decisions.
Disclaimer
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