Good news for IPO investors: Iskonnet Technology IPO opens for investment on February 16, 2024
Key Highlights:
- Price band set at Rs 80-84 per share for Iskonnet Technology IPO
- Grey market response for IPO is positive
- Retail investors can invest in the IPO from February 16 to February 20
- Minimum investment of Rs 1,34,000 required for 1 lot (1,600 shares)
- Company to issue 33.6 lakh new shares with IPO size of Rs 28.22 crore
- Anchors investors raised Rs 8.01 crore on February 15, 2024
Grey Market Response:
Iskonnet Technology IPO is trading at a premium of Rs 44 per share in the grey market. Investors may see a potential 52% profit on listing day.
Listing Details:
Shares may be distributed to investors on February 21, 2024. The company is expected to be listed on NSE SME on February 23, 2024.
About Iskonnet Technology:
Established in 2012, Iskonnet Technology provides supercomputing solutions and data center services. The company reported a net profit of Rs 304 crore in FY23.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
