Aakaar Medical Technologies IPO Day 1: Gmp, Subscription Status, Price Band, Other Details of NSE SME SME iPO

Aakaar Medical Technologies IPO: The Initial Public Offering (IPO) of Medical Asthetic Company Aakaar Medical Technologies Opened for Subscription on Friday, June 20. The 25.64 Crore Book Building Issue is Entrely a Fresh issue of 35.62 Lakh Shares. On the first day of subscription, the nse sme iPo Saw a Tepid Response from Retail Investors.

Aakaar Medical Technologies IPO Subscription Status

By 4 PM on Friday, the first day of subscription, the issue Had ben subscribed to 31 per cent, with the retail portion subscribed to 25 per cent, the segment reserved for non-inviteal investor Subscribed to 39 per cent, and the segment reserved for Qualified Institutional Buyers subscribed to 33 per cent.

Aakaar Medical Technologies IPO Details

1. Aakaar Medical Technologies IPO Gmp: According to Market Sources, The Latest Grey Market Premium (Gmp) of aakaar medical technologies shares shares was nil. This means the stock could list at par with the issue price.

2. Aakaar Medical Technologies IPO Date: The sme iPo open for subscription on Friday, June 20, and will conclude on Tuesday, June 24.

Also read , Ellenbarrie Industrial Gases IPO: 10 key things to know from the rhp

3. Aakaar Medical Technologies IPO Price: The price band of the public issue has been fixed at 68 to 72 per equity share.

4. Aakaar Medical Technologies IPO Size: The company intends to raise 25.64 Crore from the Issue, which it will use to fund working capital requirements and for general corporate purposes.

5. Aakaar Medical Technologies IPO Lot Size: Bidders can apply in lots, and one lot of the nse sme IPO comprises 1,600 company shares.

6. Aakaar Medical Technologies IPO Reservation: As Much as 47 per cent of the net issue is reserved for Qibs, while 33 per cent of the net is reserved for retail investors, and a little over 14 per cent of the issue is the rest for niz.

7. Aakaar Medical Technologies IPO Allotment Date: The IPO is closing on tuesday, June 24, so as per sebi’s listing rules, the company is expected to finalize the share allotment on wedding, June 25. Their Demat Accounts on Thursday, June 26, and bidders who fail to get the allocation may get a refund on the same day.

Also read , HDB Financial Services IPO: Price Band Set at ₹ 700-740 per share; Check Gmp

8. Aakaar Medical Technologies IPO Book-Running Lead Manager and Registrar: Indorient Financial Services Limited is the Book-Running Lead Manager, while BigShare Services Private Limited is the Registrar for the issue.

9. Aakaar Medical Technologies IPO Listing: As per sebi’s t+3 rule of iPo Listing, the sme iPo is proposed for listing on the nse sme on Friday, June 27.

Also read , India HDB Financial IPO Pricing Not Influenced by 70% Premium in Grey Market, Bankers Say

10. Aakaar Medical Technologies Business Overview: According to the company’s rhp, aakaar medical technologies is a medical aesthetic company dealing in a wide range of aesthetics and specialized cosmetic products and devices.

The company’s profit after tax (pat) for23 study at 2.15 Crore, which rose to 2.87 Crore in FY24 and 6.04 Crore in FY25.

Revenue from Operations for FY23, FY24 and FY25 Study at 32.78 Crore, 46.11 Crore and 61.58 Crore, respectively.

Disclaimer: This story is for educational purposes only. The views and recommendations about individual analysts or broking companies, not mint. We Advise Investors to Check With Certified Experts Before Making Any Investment Decisions, As Market Conditions Can Change Rapidly, and Circumstances May Vary.

Source link