17-Dec-2024
2 mins read
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Senores Pharmaceuticals IPO Price Band
Senores Pharmaceuticals IPO price band is expected to be above Rs 365 per share. However, the final price band is not yet released. The minimum amount of investment for the retail category is to be around Rs 14,850 and for small NII minimum investment is to be around Rs 2,01,000. The minimum investment for the Big NII is to be around Rs 10,01,000.
Senores Pharmaceuticals IPO FAQ
1. What are the details of the Senores Pharmaceuticals IPO?
Senores Pharmaceuticals IPO is a book-built issue of Rs 800 crores. This upcoming IPO is likely to be a combination of fresh issue and offer-for-sale. The fresh Issue is of Rs 500 crore and OFS is of 27 lakh equity shares.
2. When will the Senores Pharmaceuticals IPO open and close?
Senores Pharmaceuticals IPO's open date is expected in between 25 November to 29 November 2024. The allotment status is expected to be in the first week of December 2024.
3. What is Senores Pharmaceuticals IPO GMP?
Senores Pharmaceuticals IPO GMP is around Rs 138 per share. You can check the latest GMP price online from the first day of subscription. If the subscription got oversubscribed then Senores Pharmaceuticals IPO GMP might rise in the coming days.
4. What are the details of Senores Pharmaceuticals IPO reservation?
Senores Pharmaceuticals IPO subscription details will be available after the IPO opens in the last week of November 2024. In the QIB category 75% of the net offer is reserved. The remaining 15% is reserved for the retail investors and 10% is for Non-Institutional investors.
5. Write the details of the IPO Allotment Status?
Senores Pharmaceuticals IPO allotment status is expected to be finalised on 2 December 2024. The listing will be on the BSE and NSE platforms in the first week of December. The registrar of this IPO is expected to be Link Intime India Private Limited. Investors can check their allotment status after the subscription of the IPO ends.
6. Who is the registrar and lead managers for Senores Pharmaceuticals IPO?
Senores Pharmaceuticals IPO's registrar is Link Intime India Private Limited. On the date of allotment, Investors can click on the registrar's website and select the name of the company and enter PAN number or application ID to know their allotment status.The lead managers are Equirus Capital, Ambit and Nuvama Wealth Management.
What is an IPO Price Band?
IPO price band is the price range of the upcoming IPO set by the issuing company after consulting investment banks handling the IPO. Within the price band, investors can bid for the shares during the IPO bidding time.
The IPO price band is set based on factors like market conditions, industry trends and company valuation. The IPO price bands include a floor price (minimum bid price) and a cap price (maximum bid price).
Investors submit the IPO bids within this IPO range during the IPO subscription period. The final issue price is determined through a process called book-building, where the company anticipates the investors demand. The IPO price band is important for investors and for ensuring a successful IPO launch.
