The Sat Kartar Shopping Limited IPO is set to open this Friday. The price range for the IPO has been fixed between Rs 77 and Rs 81 per share.
The company is offering a lot of 1,600 shares, which means investors need to invest a minimum of Rs 1,29,600. The good news is that the IPO is showing strong signals in the grey market, which could mean a good listing price.
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IPO Opening Date and Key Details
The Sat Kartar Shopping Limited IPO is valued at Rs 33.80 crore. It will be a completely fresh issue, meaning the company will issue 41.73 lakh new shares. The IPO will be open to retail investors from January 10 to January 14.
Anchor investors (large investors) will be able to place their bids starting from January 9, with the company aiming to raise Rs 9.55 crore through this route.
The listing is expected to happen on January 17, and it will be available on the NSE.
Improved Grey Market Position
The company’s performance in the grey market has been improving. Today, the IPO is trading at a grey market premium (GMP) of Rs 96, which is Rs 3 higher than yesterday’s GMP of Rs 93.
About the Company
Sat Kartar Shopping Limited is involved in Ayurveda and lifestyle products.
The company manufactures Ayurvedic medicines for various health issues like Shilajit, Piles, and Hair Oil. These products are sold through the company’s website and e-commerce platforms.
IPO Size and Key Dates
The total size of the Sat Kartar Shopping Limited IPO is Rs 33.80 crore, which will be entirely based on a fresh issue. The company will issue 41.73 lakh new shares. Retail investors can apply for the IPO from January 10 to January 14.
Anchor investors, or big investors, will be able to participate starting January 9, with the company aiming to raise Rs 9.55 crore through this group. The IPO is expected to be listed on the NSE on January 17.