Shivam Cements 54% IPO sold until Wednesday

February 21, 2019 | Investopaper

Shivam Cements IPO received a positive response from investors as 54% of IPO shares were sold till Wednesday. The Initial Public Offering (IPO) of Shivam Cements opened on Falgun 6,2075. Siddhartha Capital, the issue manager for the IPO, informed that 23,50,240 shares were sold till the evening of Wednesday. 23,729 Applicants applied for the shares.

Related: How to apply IPO/FPO/Right Share through Mero Share?

IPO issued for locals also received the application from 263 applicants. They applied for total shares of 64,290.

The company is issuing 5,49,640 shares to locals & 41.20,000 shares to the general public. If fully subscribed, the closing date of the IPO is set at Falgun 9, 2075. Otherwise, the issue will continue till Chaitra 5.

The IPO price for locals and the general public is set at Rs. 200 and Rs. 300 per share respectively.


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