look news india
BrainBees Solutions Limited IPO: The initial public offering (IPO) of Brainbees Solutions Limited will open on August 6, 2024 and close on August 8, 2024. Of course, this public offering of the company will open for anchor investors on August 5, 2024.
Price band: Rs 440-465 per share
The company has fixed the price band of Rs 440-465 per equity share with a base price of Rs 2. Investors can apply for a minimum of 32 equity shares and thereafter they can apply for equity shares in multiples of 32. The floor price is 220 times the face value of the equity shares and the cap price is 232.5 times the face value of the equity shares.
Reserved for employees
According to information provided by the company, up to Rs 30 million equity shares of face value Rs 2 each have been reserved for eligible employees and a fresh issue of up to Rs 16,660.00 million equity shares and an offer for sale of up to 54,359,733 equity shares of face value Rs 2 each
The offer for sale has allotted Rs. 46,814,458 equity shares of face value 2 each to corporate investors while Rs. 7,545,275 equity shares of face value 2 each have been allotted to individual investors.
Book Running Lead Manager
Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited, Bank of America (BofA) Securities India Limited, JM Financial Limited and Avandas Capital Private Limited are the book running lead managers to the offer. The Company plans to list its equity shares on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
