Sangam Renewables Ltd IPO

Closed

Subscription Details

  • Open Date 24 Jul
  • Close Date 26 Jul
  • Lot Size 6000
  • IPO Size ₹ 5.07 Cr
  • IPO Price Range ₹ 22
  • Min Investment ₹ 132000

Sangam Renewables Ltd IPO Timeline

Open Date
24 Jul
Close Date
26 Jul
Basis of Allotment
-
Refunds
-
Credit to Demat Account
-
Listing Date
-

IPO Synopsis

Public issue of 23,04,000 equity shares of Rs. 10/- each (Equity Shares) of Sangam Advisors Limited (SAL or The Company or The Issuer) for cash at price of Rs. 22/- per share (The Issue Price), aggregating to Rs. 5.07 crores (The Issue), of which, 3,42,000 equity shares of Rs. 10/- each will be reserved for subscription by Market Makers to the issue (The Market Makers Reservation Portion). The issue less the market maker reservation portion i.e. issue of 19,62,000 equity shares of Rs. 10 each is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 37.75% and 32.15%, respectively of the post issue paid up equity share capital of the company. The face value of equity shares is Rs. 10. The issue price is Rs. 22. The issue price is 2.20 times of the face value.

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 Sangam Renewables Ltd IPO

Contact Information

Address

504-B Western Edge-1,
Off W/E Highway Borivali (E),
Mumbai, Maharashtra 400066

Sangam Renewables Ltd IPO Lead Manager

Aryaman Financial Services Ltd
Open Demat Account