The allotment of Paramatrix Technologies shares will be finalised on Monday, September 2, 2024. The issue opened for bids on Monday, August 27 and it will remain open till Friday, August 30, 2024. The listing will take place at the SME segment in NSE.
Paramatrix Technologies issue size
The company wants to mop up Rs 33.84 crore by selling 3,076,800 equity shares. Of this, 2,758,800 shares aggregating to Rs 30.35 crore will form the fresh issue while 318,000 shares aggregating to Rs 3.50 crore will be through OFS (offer for sale).
Price
Paramatrix Technologies has fixed the price of one equity share at Rs 110. The lot size for retail investors to bid is 1,200 shares. Therefore, the minimum investment that a retail investor has to make is Rs 1.32 lakh.
GMP
According to investorgain, the GMP is zero. It indicates there will hardly be any listing gain for this IPO. However, one has to remember that GMP is an unofficial estimate.
Business backgrouond
The company was set up in 2004. It provides software applications and technology solutions for large and MSME units.
Jay Bee Laminations
The IPO of Jay Bee Laminations opened for bids on Tuesday, August 27 and one can bid till Thursday, August 29, 2024. The allotment of shares is supposed to take place on August 30. The listing is expected on September 3.
Issue details, GMP
Jay Bee Laminations has set a target to raise Rs 88.96 crore from the market by selling fresh shares as well as shares from the promoters. According to investorgain, the GMP on August 27 was Rs 85. It indicates a listing price of Rs 231. However, it is an unofficial estimate only.
Price band
For each share that carries a face value of Rs 10, the price band has been fixed at Rs 138-146. Retail investors can apply for 1,000 shares, the cost of which will be Rs 1.46 lakh at a maximum.
Business background
Set up in 1988, New Delhi-based Jay Bee Laminations is an SME that manufactures electrical laminations, slit coils, and assembled cores for electrical transformers, UPS, and inverters in the power industry.
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While Paramatrix Technologies provides software applications, Jay Bee Laminations manufactures electrical laminations, slit coils etc for the power industry. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
