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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Apex Ecotech's initial public offering (IPO) closed with an impressive subscription rate of 421 times, raising Rs 25.54 crore through a fresh issue of 34.99 lakh equity shares priced between Rs 71-73. Non-institutional investors led the demand, subscribing 1,182.7 times their quota, while retail and qualified institutional buyers subscribed 329.8 and 136.4 times, respectively. The funds will be utilized for working capital, general corporate purposes, and IPO expenses.
Abha Power and Steel, based in Chhattisgarh, is set to launch its initial public offering (IPO) on November 27, aiming to raise Rs 38.5 crore at a fixed price of Rs 75 per share. The IPO includes a fresh issue of 41.39 lakh shares and an offer-for-sale of 10 lakh shares by promoter Subhash Chand Agrawal. Investors can apply for a minimum of 1,600 shares, with a maximum investment limit of Rs 2 lakh. The company operates two manufacturing plants with a capacity of 14,400 metric tonnes per annum and is a certified vendor for Indian Railways and other major organizations.
Abha Power AND Steel Ltd.
Companies
14:38 29.11.2024
Indian Rupee
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Abha Power AND Steel Ltd.
National Mineral Development Corporation
IND
Subhash Chand Agrawal
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14:29 21.11.2024
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