- विज्ञापन -
New Delhi, July 7: The IPO of Travel Food Services Limited, a company running a lounge and quick service restaurant chain, has opened today i.e. on July 7. It will remain open till July 9. The company wants to raise Rs 2,000 crore through this IPO.
1.8 crore shares will be sold in this IPO. This IPO is completely an Offer for Sale (OFS). That is, the existing shareholders of the company (such as promoters, investors or other large shareholders) will offer the shares of the company they hold to the public for sale. This means that the company is not issuing new shares to raise money, but the already existing shares are being sold.
What is the minimum and maximum amount that can be invested?
Travel Food Services Limited has fixed the IPO price band at ₹1045 – ₹1,100. Retail investors can bid for a minimum of one lot i.e. 13 shares. If you apply for 1 lot as per the IPO’s upper price band of ₹1,100, then you will have to invest ₹14,300 for it.
At the same time, retail investors can apply for a maximum of 13 lots i.e. 169 shares. For this, investors will have to invest ₹ 1,94,285 as per the upper price band.
35% of the issue is reserved for retail investors
The company has reserved 50% of the IPO for qualified institutional buyers (QIB). Apart from this, 35% is reserved for retail investors and the remaining 15% is reserved for non-institutional investors (NII).
What is IPO?
When a company issues its shares to the general public for the first time, it is called Initial Public Offering or IPO. The company needs money to expand its business. In such a situation, instead of taking a loan from the market, the company raises money by selling some shares to the public or by issuing new shares. For this, the company brings IPO.
