Kody Technolab IPO | Kodi Technolab Company IPO has been opened for investment on September 15, 2023. Investors have given excellent response to this IPO on the first day itself. Kodi Technolab Company’s IPO has been oversubscribed by 60 percent on the first day of opening. The company’s IPO will be open for investment till September 20, 2023. Kodi Technolab has set a share price band of Rs 160 in its IPO. Kodi Technolab Company has issued 17.20 lakh fresh equity shares in its IPO.
Kodi Technolab IPO Details
Kodi Technolab Company has placed 800 shares in one lot in its IPO. That means retail investors have to deposit a minimum of Rs 128,000 to buy a lot. The IPO shares of this company will be allotted on September 25. Investors who have not received the stock by September 26 will be refunded.
The shares will be credited to the investors’ demat accounts on September 27, 2023 and the Kodi Technolab IPO stock will be listed on the stock market on September 28, 2023. Beeline Capital Advisors Pvt Ltd has been appointed as Book Running Lead Manager in the IPO of Kodi Technolab Company. And Kfin Technologies has been appointed as the IPO Registrar.
Kodi Technolab Company’s IPO is over 60 percent subscribed so far. The IPO received bids for 9.83 lakh equity shares out of 16.33 lakh shares in Friday’s trading session. According to gray market experts, Kodi Technolab shares are trading at a premium price of Rs 45. Shares of Kodi Technolab Company may list at Rs 205 as per Friday’s GMP premium and IPO price. That means investors can get 28.12 percent profit on the first day.
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