HPTL and Swasth Foodtech IPOs open for subscription…
There is big news for those investing in IPOs. The IPO of Swasth Foodtech and hp Telecom has opened for subscription from Thursday, february 20 and will close on february 24.
Swasth Foodtech india Limited
First of all, talking about Swasth Foodtech, it is a fresh issue of 15.88 lakh shares. Its IPO is priced at Rs 94 per share. The minimum lot size for the IPO is 1200 shares. A retail investor will have to invest a minimum of Rs 1,12,800 to bid. The minimum lot size investment for HNI is 2 lots (2,400 shares), which amounts to Rs 2,25,600. Through this IPO, the company wants to raise Rs 14.92 crore, which will be used to build a packaging line and meet corporate objectives. The book-running lead manager of Swasth Foodtech IPO is Horizon Management Private Limited, while the registrar of the issue is mass services Limited.
What does Swasth Foodtech do?
Swasth Foodtech india Limited processes rice bran oil. The company produces rice bran oil of different grades and sells it to oil manufacturers. Apart from this, Swasth Foodtech also produces many byproducts.
HP Telecom
HP Telecom india Limited's IPO is a fresh issue of 31.69 lakh shares. The company will use the money raised from these shares to meet corporate purposes and capital requirements. Its price band is Rs 108 per share. Its lot size is also 1200 shares. The minimum bidding amount for retail investors is Rs 1,29,600. The minimum lot size investment for HNI is 2 lots (2,400 shares), which amounts to Rs 2,59,200. The book reading manager of this book is Interactive Financial services Limited, while the bookkeeping manager is Bigshare services Private Limited. Its listing will take place on 28 February.
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