Vishal Bearings Ltd IPO

Closed

Subscription Details

  • Open Date 28 Sep
  • Close Date 30 Sep
  • Lot Size 6000
  • IPO Size ₹ 3.24 Cr
  • IPO Price Range ₹ 25
  • Min Investment ₹ 150000

Vishal Bearings Ltd IPO Timeline

Open Date
28 Sep
Close Date
30 Sep
Basis of Allotment
-
Refunds
-
Credit to Demat Account
-
Listing Date
-

IPO Synopsis

Public issue of 12,96,000 Equity shares of face value of Rs.10/- each of Vishal Bearings Ltd (The Company or The issuer) for cash at a price of Rs. 25/- per equity share (Including a share premium of Rs.15/- per equity share) (Issue Price) aggregating to Rs. 3.24 Crores. As The Issue of which 72,000 equity shares of face value Rs. 10/- each at a price of Rs. 25/- per equity share aggregating to Rs. 0.18 Crores shall be reserved for subscription by market maker to the issue (The Market makers reservation portion). The Issue Less the market maker reservation portion i.e. issue of 12,24,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 25/- per equity share aggregating to Rs. 3.06 Crores. The Issue and the net issue will constitute 27.02% and 25.52% respectively of the post-issue paid-up equity share capital of the company. The face value of the equity shares is Rs. 10/- per equity share and the issue price is Rs. 25/-. The issue price is 2.5 times of te 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 Vishal Bearings Ltd IPO

Contact Information

Address

Survey No 22/1 Plot No 1,
Shapar Main Road,
Rajkot, Gujarat 360024

Vishal Bearings Ltd IPO Lead Manager

Hem Securities Ltd
Open Demat Account