The allotment for the SME IPO of Vijay Kedia-backed TAC Infosec, which has seen overwhelming response, will be finalised on Wednesday. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.
Graphics Solutions IPO is entirely a fresh equity issue of 64 lakh shares and through the issue, the company aims to raise Rs 54 crore. The company s shares are trading with a GMP of Rs 42 in the unlisted market.
The value pertains to the total lock-up opening shares and it is important to note that not all of these shares will come for sale as a sizable portion of these shares are also held by promoters and groups.