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Priced at Rs 51 per share, the minimum application size was set at 2,000 shares, requiring retail investors to invest Rs 1,02,000.Furthermore, for high-net-worth individuals (HNIs), the minimum investment was two lots, totaling to a sum of Rs 2,04,000.The issue allocation of Hamps Bio IPO was structured among various investor categories as follows.
Half of the shares, or 50 per cent, were reserved for Qualified Institutional Buyers (QIBs), while 35 per cent were allocated to retail investors.
Furthermore, the remaining 15 per cent was set aside for Non-Institutional Investors (NIIs).Hamps Bio plans to channel the IPO proceeds into growth-focused initiatives which includes purchasing advanced machinery for itsFMCGdivision, then enhancing its brand visibility, and covering general corporate expenses.Also Read:International Gemological Institute (IGI) Share Price, IPO Listing Live Updates: Check listing, date, time, GMP, and other detailsMarwadi Chandarana Intermediaries Broker served as the book-running lead manager for the SME public issue.
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