02-Jan-2025
2 mins read
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BOAT IPO Price Band
BOAT IPO price band is expected to be above Rs 350 per share. However, the final price band is not yet released. The minimum amount of investment for the retail category is to be around Rs 14,650 and for small NII minimum investment is to be around Rs 2,01,500. The minimum investment for the Big NII is to be around Rs 10,01,300.
BOAT IPO FAQ
1. What are the details of the BOAT IPO?
BOAT IPO is a book-built issue of Rs 2000 crores. This upcoming IPO is likely to be a combination of fresh issue and offer-for-sale. The fresh Issue is of Rs 900 crore and OFS is of Rs 1,100 shares.
2. When will the BOAT IPO open and close?
BOAT IPO open date is expected to be in the last week of January 2025. The tentative date of BOAT IPO is 27 January to 29 January 2025. BOAT IPO allotment status is expected to be finalised in the last week of January 2025.
3. What is BOAT IPO GMP?
BOAT IPO GMP is around Rs 89 per share. You can check the latest GMP price online from the first day of subscription. If the subscription got oversubscribed then BOAT IPO GMP might rise in the coming days.
4. What are the details of BOAT IPO reservation?
BOAT IPO subscription details will be available after the IPO opens in the third week of December 2024. In the QIB category, 50% of the net offer is reserved. The remaining 35% is reserved for retail investors, and 15% is for Net Institutional investors.
5. Write the details of the IPO Allotment Status?
BOAT IPO allotment status is expected to be finalised in the last week of January 2025. The listing will be on the BSE and NSE platforms in the first week of February. The registrar of this IPO is expected to be Link Intime India Private Limited. Investors can check their allotment status after the subscription of the IPO ends.
6. Who is the registrar and lead managers for BOAT IPO?
BOAT IPO's registrar is Link Intime India Private Limited. On the date of allotment, Investors can click on the registrar's website and select the name of the company and enter PAN number or application ID to know their allotment status.
The lead managers are Axis Capital Limited, BOFA Securities India Limited, Credit Suisse Securities India Private Limited and ICICI Securities Limited.
What is an IPO Price Band?
IPO price band is the price range of the upcoming IPO set by the issuing company after consulting investment banks handling the IPO. Within the price band, investors can bid for the shares during the IPO bidding time.
The IPO price band is set based on factors like market conditions, industry trends and company valuation. The IPO price bands include a floor price (minimum bid price) and a cap price (maximum bid price).
Investors submit the IPO bids within this IPO range during the IPO subscription period. The final issue price is determined through a process called book-building, where the company anticipates the investors demand. The IPO price band is important for investors and for ensuring a successful IPO launch.
