Shree Techtex IPO: If you are thinking of betting in Initial Public Offering i.e. IPO, then another special opportunity is coming to you. This week the IPO of the technical clothing maker is opening for investment. This IPO belongs to Shree Techtex. The Shree Techtex IPO will open for investment on July 26. Investors will be able to place bets in this issue till July 28. For this, the price band has now been fixed. The stock is available today at a premium of ₹15 in the gray market.

Price band is Rs 54-61 per share
The price band for the IPO has been fixed at Rs 54-61 per share. The Ahmedabad-based company said in a statement that anchor investors would be able to bid in this IPO on July 25. Post IPO, the shares of the company will be listed on the ‘SME Emerge’ platform of NSE. The company is likely to raise Rs 45.14 crore from the issue at the upper end of the price range. This includes a fresh issue of 74 lakh equity shares.

This company will give 1 on 1 bonus shares, as well as the stock will be divided into 2 pieces, upper circuit installed

How many shares are reserved for whom
Out of the total IPO size, the company has allotted 35.10 lakh shares to qualified institutional buyers, 10.56 lakh shares to non-institutional investors and 24.62 lakh shares to retail investors. The company plans to utilize the proceeds from the IPO for construction of factory shed, commissioning of solar plant, meeting working capital requirement and general corporate purpose.