IPO Details
Issue Date
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Investment/lot
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Price Range
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IPO Size
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Schedule of Shreni Shares Ltd
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
Issue Highlights
Initial public offering of up to 62,94,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Shreni Shares Limited (Shreni or The Company or The Issuer) for cash at a price of Rs. [] per equity share (including a premium of Rs. [] per equity share) (Offer Price) aggregating up to Rs. [] crores comprising of fresh offer of up to 37,76,400 equity shares aggregating to Rs. [] crores (Fresh Offer) and an offer for sale of up to 25,17,600 equity shares by Hitesh Natvarlal Punjani and Nidhi Shah (Selling Shareholders) aggregating to Rs. [] crores (Offer for Sale) (The Offer) of which up to 3,18,000 equity shares aggregating to Rs. [] crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The offer less the market maker reservation portion i.e. offer of up to 59,76,000 equity shares of face value of Rs. 10/- each at an offer price of Rs. [] per equity share aggregating to Rs. [] crores (Net Offer). The offer and the net offer will constitute 26.49 % and 25.15 % of the post-offer paid-up equity share capital of the company. The face value of the equity shares is Rs. 10/- each and the offer price is [*] times of the face value.
How To Apply for Shreni Shares Ltd IPO?
Here are the steps to apply for Shreni Shares 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.
Upcoming IPOs
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