North India Statesman
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Upcoming IPO: If you are thinking of investing in IPO then there is an important news for you. In the coming weeks, IPOs of many companies are opening for investment. One of these is the IPO of Smarton Power Systems. The IPO of Smarton Power Systems will open on 7 July and will close on 9 July. The company has fixed a price band of Rs 100 per share for its Rs 50 crore IPO. The company shares will be listed on the NSE Emerg platform.
The company said in a statement that 40.01 lakh new shares will be issued under the IPO. Apart from this, it will also include a sales offer (OFS) of 10 lakh shares worth Rs 10 crore. The amount received from the sale of new shares will be used for the purchase of movable properties for the production line of the battery manufacturing unit, working capital requirements, repayment of debt, funding of capital expenditure and general company operations.
Smarton established in 2014 designs and assembles power backup and solar products including power systems, home UPS systems, solar inverters, power conditioning unit. The company also trades solar panels and batteries.
Additionally, the initial public issue (IPO) of Travel Food Services Limited is opening from 7 July tomorrow. The company said in a statement issued here on Thursday that Travel Food Services Limited has fixed a price of Rs 1,045 to Rs 1,100 with an inscribed price of Rs 1,045 per share for its first IPO.
The company’s IPO will open for subscription from July 7 and will close on 9 July. Investors can bid in minimum 13 shares and then in the multiples of 13 shares. This IPO is an all-for-cell offer, in which the Kapoor Family Trust will sell equity shares of up to ₹ 2,000 crore. Exemption of ₹ 104 per equity share is being given for eligible employees.
