The preliminary public providing of Equivalent Brains Studios Ltd. opened for subscription on Wednesday. The Rs 19.95-crore Equivalent Brains Studios IPO is a wholly contemporary problem of 36.94 lakh shares with no offer-for-sale element.
The SME IPO was subscribed 30.25 instances on the opening day of bidding.
Equivalent Brains Studios IPO subscription window will stay open until Dec. 20. Share allotment might be finished on Dec. 23.
Credit score of shares into the demat accounts of profitable bidders might be finished on Dec. 24, together with refund initiation to non-allottees.
Equivalent Brains Studios’ shares are anticipated to listing on the NSE SME platform Emerge on Dec. 26.
The Equivalent Brains Studios IPO value band has been mounted at Rs 51 to Rs 54 per share. Retail buyers should apply for at the very least 2,000 shares in a single lot, taking the minimal funding quantity to Rs 1,08,000 on the higher finish of the value band.
Bigshare Providers Pvt. has been appointed because the registrar for the Equivalent Brains Studios IPO. Socradamus Capital Pvt. is appearing because the e book working lead supervisor of the difficulty and Rikhav Securities Ltd. is its market maker.