Dredging Corporation of India Ltd IPO

Closed

Subscription Details

  • Open Date 26 Feb
  • Close Date 04 Mar
  • Lot Size 15
  • IPO Size ₹ 224 Cr
  • IPO Price Range ₹ 400
  • Min Investment ₹ 6000

Dredging Corporation of India Ltd IPO Timeline

Open Date
26 Feb
Close Date
04 Mar
Basis of Allotment
-
Refunds
-
Credit to Demat Account
-
Listing Date
-

IPO Synopsis

Offer for sale of 5600000 equity shares of Rs. 10 each at a price of Rs. 400 for cash aggregating Rs. 224 crore (hereinafter referred to as the offer). The offer would constitute 20% of the fully diluted post-offer paid-up capital of the company. The Offer is being made through the 100% Book Building Process wherein a maximum of 50% of the Offer shall be offered on a discretionary basis to Qualified Institutional Buyers. Further, not less than 25% of the Offer shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 25% of the Offer shall be available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received within the Price Band.

How to apply for an IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Dredging Corporation of India Ltd IPO

Contact Information

Address

Core 2 1 Fl Scope Minar 2A&2B,
LaxmiNagar District Centre,
Delhi, Delhi 110092

Dredging Corporation of India Ltd IPO Lead Manager

Enam Financial Consultants Pvt LtdKotak Mahindra Capital Company Ltd
Open Demat Account