Spinaroo Commercial Limited and Infonative Solutions Limited have launched their Initial Public Offerings (IPOs), both opening for subscription today.
Investors can bid for these IPOs until April 3. The share prices for both offerings are set below ₹100 per share. Below are the key details for each IPO.
Spinaroo Commercial IPO Details
The Spinaroo Commercial IPO is valued at ₹10.17 crore and consists entirely of a fresh issue of 19.94 lakh shares.
The subscription period starts today, March 28, and closes on April 3, 2025. The allotment process is expected to be finalized by April 4, with the listing set for April 8 on the BSE SME.
Price and Lot Size
Price per share: ₹51
Minimum lot size: 2000 shares
Retail investors’ minimum investment: ₹1,02,000
HNIs minimum investment: 2 lots (4,000 shares) worth ₹2,04,000
Lead manager: Finshore Management Services Limited
Registrar: Cameo Corporate Services Limited
Market maker: Black Fox Financial Private Limited
Infonative Solutions IPO Details
Infonative Solutions Limited has launched a book-building IPO worth ₹24.71 crore, consisting of a fresh issue of 31.28 lakh shares. The IPO subscription starts today, March 28, and closes on April 3.
The allotment process is expected to be completed by April 4, and the company is set to be listed on the BSE SME on April 8.
Price Band and Lot Size
Price range per share: ₹75 to ₹79
Minimum lot size: 1600 shares
Retail investors’ minimum investment: ₹1,20,000
Recommended bid at cutoff price: ₹1,26,400 to avoid oversubscription
HNIs minimum investment: 2 lots (3,200 shares) worth ₹2,52,800
Lead manager: Share India Capital Services Private Limited
Registrar: KFin Technologies Limited
Market maker: Share India Securities Limited
Both IPOs provide opportunities for investors to participate in the market at an affordable price. Ensure to analyze the details carefully before making an investment decision.
