Anuroop Packaging Limited IPO – From Nov 5 to Nov 13

Anuroop Packaging Limited IPO Details

Anuroop Packaging Limited IPO Details

At the end of September, 6 IPO listed on the stock exchange platforms. In these only 2 IPOs listed on the mainboard (BSE & NSE), and remaining 4 IPOs listed on the SME (small and medium enterprises) platform. There is no record in the last month under the public offerings category. November month’s IPO calendar is opened with Anuroop Packaging Limited IPO. Anuroop Packaging Ltd is a manufacturing company that involves in the generation of folded boxes, liners, sheets, and Kraft rolls. 

 IPO Name  Anuroop Packaging Limited IPO
 Issue Period  Nov 5, 2019 – Nov 13, 2019
 IPO Type  Fixed Price Issue
 Lead Managers  Gretex Corporate Services Pvt Ltd
 Listing At   BSE SME

Anuroop IPO will open for subscription on 8th November. It aims to raise about Rs 2.64 crore through this offer. The IPO comprises a fresh issue of 330,000 equity shares worth Rs 0.43 crore and an offer for sale of 1,700,000 equity shares worth Rs 2.21 crore. The IPO is reserved for retail investors and non-institutional investors up to 9,60,000 equity shares each. 

According to the source, the issue offers a total of 2,030,000 equity shares worth Rs 2.64 crore at a face value of Rs 10 per equity share. 

Underwriters and promoters of the issue have been fixed a price band at Rs 13 per equity share. The shares of the IPO will list at BSE SME. The issue will close for subscription on 13th November 2019.

As of the draft papers, the firm will utilize the net gains of the issue towards meeting the working capital requirements. The market lot of the issue is 10000 shares. The minimum order quantity is 10000 shares that means one will need to purchase a minimum of 10000 shares.

Anuroop IPO Promoter Holding

 Pre Issue Share Holding  95.10%
 Post Issue Share Holding  68.99%

Anuroop Packaging Limited IPO Registrar

Karvy Computershare Private Limited
   Karvy Registry House, 8-2-596, St. No. 1,
   Banjara Hills, Hyderabad – 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Email: [email protected]

Disclaimer: This article just offers information about public issues. It seems not to give any advice or recommendation. Please study the offer document carefully and consult your advisor before investing.

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