At 11:30 am, the NIIs had subscribed the issue by 2.76 times while the retail participants had made 20,310 applications for a total of 3,24,96,000 shares. The qualified institutional buyers (QIBs), meanwhile, had bid for merely 12,800 shares.
The IPO of Sat Kartar Shopping, which is into the business of natural wellness solutions, will close on January 14. The IPO is being floated to raise around Rs 34 and list the shares on the NSE SME platform.
Here are 10 key things investors need to know about Sat Kartar Shopping IPO before subscribing to the issue.
Sat Kartar Shopping IPO size
The IPO consists entirely of a fresh equity issuance of 41.72 lakh shares, through which the company aims to raise Rs 34 crore.
Sat Kartar Shopping IPO price band
The company is offering its shares at a price range of Rs 77-81 each, with investors able to bid for a minimum of 1 lot comprising 1,600 shares.
Sat Kartar Shopping IPO GMP
In the grey market, the company’s shares were trading at a GMP of Rs 20-25, reflecting a 25% premium over the issue price.
About Sat Kartar Shopping
Sat Kartar Shopping is an Ayurveda healthcare company committed to providing natural wellness solutions relating to specific therapeutic areas and general lifestyle products, committed to promote a healthier lifestyle. It integrates traditional ayurvedic knowledge with modern research to empower individuals to adopt healthier lifestyles.
Industry Overview
In recent years, health and wellness have become increasingly significant concerns for people, particularly the middle-aged and younger generations. The global health and wellness market size is expected to be worth around $8,379 billion by 2033 from $4,332 billion in 2023, growing at a CAGR of 7% during the forecast period from 2024 to 2033.
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Sat Kartar Shopping financial performance
For the period ended December 15, 2024, the company clocked total revenues of Rs 109 crore and net profit of Rs 5.89 crore.
Objects of the offer
The net proceeds from the public offer will be used for unidentified acquisitions, marketing and advertising, capital expenditures, investment in technology and general corporate purposes.
Lead managers and Registrar
Narnolia Financial Services is acting as the lead manager to the issue and Skyline Financial Services is the registrar.
Issue structure
About 50% of the offer is reserved for QIB investors, 35% for retail investors and the other 15% for non-institutional investors.
Key dates for Sat Kartar Shopping IPO
The IPO opened on January 10 and will close on January 14. The final allotment is expected on January 15, with the company’s shares likely to be listed on January 17.
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