Today, May 29, was the second day of investing in the IPO of Skoda Tubes Limited, a company manufacturing steel tubes and pipes. According to BSE data, till 3:12 pm, the company’s IPO has been oversubscribed 6.4 times. According to the data, in the investor category, non-institutional investors (NII) have oversubscribed 14.51 times the reserved category for themselves. After this, retail investors bid 5.47 times and qualified institutional buyers (QIB) bid 1.91 times. Through this issue, the company wants to raise a total of Rs 220 crore. For this, the company is issuing 1,57,14,286 crore fresh shares. Its existing investors or promoters are not offering a single share through Offer for Sale i.e. OFS. On June 4, the company’s shares will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). If you are also thinking of investing in this IPO, then we are sharing all the details related to it with you… How much minimum and maximum money can you invest? Skoda Tubes Limited has fixed the price band of the IPO at Rs 140. Retail investors can bid for a minimum of one lot, in which 100 shares will be available. According to this, you will have to invest Rs 14,000 for 1 lot. At the same time, retail investors can apply for a maximum of 14 lots or 1400 shares. For this, investors will have to invest Rs 1,96,000 according to the price band. 50% of the issue reserved for retail investors The company has reserved 50% of the IPO for retail investors. Apart from this, 28.57% is reserved for Qualified Institutional Buyers (QIB) and the remaining 14.29% is reserved for Non-Institutional Investors (NII). What is an IPO? When a company issues its shares to the general public for the first time, it is called Initial Public Offering i.e. IPO. The company needs money to expand its business. In such a situation, instead of taking loan from the market, the company raises money by selling some shares to the public or by issuing new shares. For this, the company brings IPO.
