The value band for the Astonea Labs IPO has been fastened between Rs 128 and Rs 135 per share. Buyers can apply for no less than 1,000 shares and in multiples thereof. For retail traders, each the minimal and most utility is fastened at one lot, or 1,000 shares, amounting to Rs 1.35 lakh. Excessive Web-Price People (HNIs) should apply for at the very least two tons, or 2,000 shares, requiring an funding of Rs 2.7 lakh.
Astonea Labs Ltd. has allotted its shares throughout varied investor classes. The Certified Institutional Patrons (QIBs) will probably be allotted as much as 50% of the online difficulty. At the least 35% of the online difficulty is reserved for retail traders. The Non-Institutional Buyers (NIIs), will probably be allotted a minimal of 15%.
The subscription window for the problem will stay open between Might 27 and Might 29. The IPO allotment standing is anticipated to be finalised on Friday, Might 30. Refunds will probably be initiated on June 2, and the corporate can also be anticipated to switch shares to the Demat accounts on the identical day.
The corporate has proposed to checklist its shares on the BSE SME platform on Tuesday, June 3.
Oneview Company Advisors Pvt. Ltd. is the book-running lead supervisor of the Astonea Labs IPO, whereas Kfin Applied sciences Restricted is the registrar for the SME difficulty.
