travel related services The issuing company TBO Tech Limited has set a price range of Rs 875-920 per share for the initial public offering (IPO). According to the company, the public issue includes fresh shares worth up to Rs 400 crore and an offer for sale (OFS) of up to 12,508,797 crore shares by certain shareholders. TBO Tech’s Rs 1,550 crore IPO will open from May 8 to May 10. Anchor (big) investors will be able to apply on May 7. The company is planning to raise Rs 1,000 crore through an initial public offering (IPO).
Swami Metals and Alloys got 543 times subscription
Sai Swami Metals and Alloys Ltd. The Rs 15 crore initial public offering (IPO) of IPO was subscribed 543 times on Friday, the last day of the issue. Under the SME IPO, 23,72,000 shares have been put up for sale, while applications have come for 128.98 crore shares. Thus, 543 times subscription has been received. The company was subscribed 533 times in the retail investors segment. The non-retail investors segment was subscribed 538 times.
What work does the company do?
The company is in the business of cookware and related equipment under the brand name Dolphin. The company will be listed on the SME platform of BSE on May 8. The IPO of this Ahmedabad company was opened on 30 April. 25 lakh new shares were issued in the IPO and the price range was fixed at Rs 60 per share. The IPO was reserved 50 per cent for retail individual investors (RIIs). Sai Swami Metals and Alloys Ltd had raised about Rs 15 crore from public investors.
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