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IPO Details

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IPO Size


Start date

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Allotment of bids

Refund Initiation

Listing on exchange

Initial public offer of up to [] equity shares of face value of Rs. 10 each (Equity Shares) of Asirvad Micro Finance Limited (Company) for cash at a price of Rs. [] per equity share (including a share premium of Rs. [] per equity share) (Issue Price) aggregating up to Rs. 1500.00 crores (Fresh Issue or the Issue). The company in consultation with the brlms, may consider a further issue of specified securities as may be permitted under applicable law to any person(s) for a cash consideration aggregating up to Rs. 300.00 crores, at its discretion, prior to the roc (preipo placement). If the pre-ipo placement is undertaken, the fresh issue size will be reduced to the extent of such pre-ipo placement, subject to the issue complying with rule 19(2)(b) of the securities contracts (regulation) rules, 1957, as amended (scrr). The face value of equity shares is Rs. 10 each. The issue price is [] times the face value of the equity shares. The price band and the minimum bid lot shall be decided by the company.

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Here are the steps to apply for Asirvad Microfinance Ltd IPO:

Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.

Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.

Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.

Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.

Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.

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