The Multi-Brand Eastern Logica Infoway IPO Opens Today
Eastern Logica Infoway IPO is opening today. It’s a multi-brand retail company. The price band is ₹225 per share. The company has a target to raise ₹16.94 crore.
Eastern Logica Infoway Ltd.’s initial public offering (IPO) is already open to subscribers and will be through January 9th, 2023.
One lot of the IPO consists of 600 business shares, and the multi-brand retail company has set the price range of the public offering at 225 rupees per equity share.
With this public offering that is being considered for listing on the BSE SME exchange, the company hopes to raise 16.94 crore.
In the meantime, shares of Eastern Logica Infoway have debuted today on the gray market at a reduced price ahead of subscription opening.
Shares of Eastern Logica Infoway are currently offered in the black market at a discount of Re 1, according to main market observers.
The fixed price for the public offering is 225 per equity share. According to market experts, shares in Eastern Logica Infoway are currently discounted by Re 1 on the black market.
In its public offering, the multi-brand firm hopes to raise $16.94 billion, of which $2 billion is set aside for OFS (offer for sale).
The bidder will be able to submit applications in lots for the Eastern Logica Infoway IPO, and each lot will contain 600 shares.
Eastern Logica Infoway’s initial public offering (IPO) has begun today and will accept bids through January 9th, 2023.
On January 12, 2023, the share allocation announcement is anticipated. KFinTechnologies Private Limited has been chosen to serve as the IPO’s official registrar.
It is suggested that the public issue be listed on the BSE SME exchange. On January 17, 2023, the secondary markets are anticipated to receive the IPO. The promoters’ ownership of the company will decrease from 100% to 73.59% after the public offering.