GENSOL ENGINEERING IPO DETAILS

Gensol Engineering Ltd is a piece of Gensol Group. The organization gives a few items and administrations to different nations, for example, specialized due tirelessness, definite designing, quality control, development oversight, and counselling administrations for sun-oriented undertakings. It offers these administrations to India and different nations. The organization reports its IPO worth of Rs 17.93 crores. Gensol Engineering IPO opens for membership on 30th September 2019.

Gensol Engineering IPO Details

Issue Open:  Sep 30, 2019 – Oct 4, 2019

Issue Type: Book Built Issue IPO

Issue Size:  2,160,000 Eq Shares of Rs 10

(amassing up to Rs 17.93 Cr)

Face Value: Rs 10 Per Equity Share

Issue Price: Rs 81 – Rs 83 Per Equity Share

Market Lot:  1600 Shares

Min Order Quantity:    1600 Shares

Posting At: BSE SME

Gensol's IPO is a bookbuild type issue. The size of the issue is 2,160,000 value shares amassing up to Rs 17.93crore.

As of the draft outline, the IPO will close on 04th October 2019. The essence of the issue remained at Rs 10 for each value share. The fixed value band extend between Rs 81-Rs 83 for each value share. The presentation of the IPO will oversee by Pantomath Capital Advisors Pvt Ltd.

The Gensol Ltd issue is proposed to be recorded on the BSE. The market parcel of the issue is 1600 offers. A base request amount remained at 1600 offers.

It is a new issue. As per the reports, the organization will allot 50 percent of offers to retail financial specialists from a sum of 2,160,000 value shares.

Different subtleties of the IPO will accessible in the principal seven day stretch of October, for example, membership subtleties, distribution date and posting subtleties.

Objects of the Issue

As of draft plan, the organization will use the net continues raised from the issue towards the capital necessities of the organization and general corporate purposes. The organization will use net continues up to Rs 13.50 crore towards the capital necessities.

Gensol Engineering IPO Registrar

Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083

Phone: +91-22-4918 6270
Email: gensol.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Disclaimer: This post is just about the IPO. It doesn't offer any guidance or suggestion to speculators. If it's not too much trouble counsel your guide before contributing