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Bodhi Tree Multimedia & Veer Global Infraconstruction IPO: Check Open Price, Launch Date, Listing, Allotment

Upcoming IPO: September has been a very busy month when it comes to IPO’s. We saw so many companies announce their IPO, a lot of which managed to grab the interest of many investors and were subscribed in multiple folds. It’s expected that the same trend will continue in this month as well.

So far for the month of October IPO’s by two companies are announced but as we progress ahead we may hear a similar announcement from many more companies. The first IPO of October 2020 is by a real estate company called Veer Global Infraconstruction limited. The second confirmed IPO of this month comes from Bodhi Tree Multimedia Limited.

Here are the details about the price band, launch dates, minimum subscription and all the important details about both these IPO’s.

Bodhi Tree Multimedia IPO

Bodhi Tree Multimedia is a multimedia production company that is involved in producing films, television serials, and digital series. The company caters to both Hindi General Entertainment Channels along with multiple regional languages. Bodhi Tree Multimedia also has a digital presence on the OTT platform both in India and outside. It is producing content across various genres and is working with the top broadcasters in the country.

To raise a 3.71 crore capital through the issue

The multimedia company is looking to raise a capital of Rs 3.71 crores by issuing 390,000 fresh equity shares whose face value will be Rs 10 per share. The shares will be listed exclusively on the National Stock Exchange. And the registrar of this public offering will be Bigshare Services Pvt Ltd.

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The Price and Launch Date for the issue

The price band for the issue has been fixed at Rs 95 per share. The shares will be available in bundles of 1200 shares which means that the minimum investment to be made by any potential buyer is Rs 114,000. It is interesting to note that the maximum offering per person is also limited to one lot, which is 1200 shares. The issue will be launched on 9th October and will be closed on the 13th of October 2020 lasting for three business days.

The funds raised from the issue will be used by the company for its primary objectives such as working capital requirements and the general corporate purposes of the company.

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Veer Global Infraconstruction IPO

Veer Global Infraconstruction limited is a real estate company based in Thane Maharastra. The company is engaged in real estate projects such as residential, business, and commercial properties along with townships. The company has so far completed five real estate projects with one ongoing project and many more to come. The company’s operations currently are primarily focused in Maharastra only.

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Issue of 1,756,000 Shares to Raise 4.92 Crores

In this public issue, the company will be offering 1,756,000 equity shares with a book value of Rs 10 each at a price of Rs 28 per share. The lot size for the issue has been fixed at 4000 shares per issue. This means that the least amount one has to spend to get their hands on the shares of this multimedia company will be Rs 114,000. The shares will be listed on the Bombay Stock Exchange and Purva Sharegistry India Pvt Ltd will act as the registrar of the issue.

All the important dates related to the IPO

The IPO will be launched on 30th September and will be held open until the 9th of October 2020. The date from which the basis of allotment will start finalizing is released to be 14th of this month. The entire process is expected to be wound up and the listing for the issue is likely to be declared by the 19th of October 2020.

The additional capital accumulated from this issue after meeting the expenses incurred towards the IPO will be used for both, its basic requirements as well as the company’s expansion plans.

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Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
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