The IPO GMP of Techdi Cybercharity has remained stable at 160 for the last few days today. Its listing is being estimated at about Rs 353, including the price band and listing GMP of the IPO. That is, the listing issue price of the company’s shares is expected to have a premium of about 83 percent.
How much is the price band kept?
This IPO of 38.99 crore is a fresh issue of 0.20 crore shares. There is no offer for sale (offs) in it. The price band for IPO has been fixed at Rs 183-193 per share. In this, retail investors will have to bid in at least two lots. That is, an investment of Rs 2,31,600 will have to be made on the upper price band of the IPO. The amount raised from the IPO will be used by the company Human Resource, Gujarat for creating a Global Security Operation Center (GSOC) and for general corporate purposes. The IPO listing will be on 22 September.