Sat Kartar Shopping Ltd.’s public offer is an entirely fresh issue of 41.73 lakh shares with no offer-for-sale component. The price band for the SME IPO has been set at Rs 77 to Rs 81 per share. The minimum lot size for an application is 1600 equivalent to the minimum amount of investment required by retail investors to Rs 1,29,600. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to Rs 2,59,200.
As per the company’s red herring prospectus, of the 41,90,600 shares offered;
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8,06,800 (19.25%) is reserved for Qualified Institutions
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5,92,000 (14.13%) for Non-Institutional Investors
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13,79,000 (32.91%) for Retail Investors
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11,79,200 (28.14%) for Anchor investors
Skyline Financial Services Pvt. is the registrar for the Sat Kartar Shopping IPO, with Narnolia Financial Services Ltd. serving as the book-running lead manager. The market maker for this SME IPO is Prabhat Financial Services Ltd.
Mr. Manprit Singh Chadha, Mr. Pranav Singh Chadha, Ms. Simrati Kaur and M/s Ajooni Wellness Private Limited. are the promoters of the company.
Ahead of the launch of its IPO, Sat Kartar Shopping Ltd raised Rs 9.55 crore from anchor investors.