Sahana System IPO listed on NSE SME with a 20% premium
On Monday, Sahana System Limited’s shares were listed on the NSE SME with a fantastic premium of 20% over its issue price. The IPO price of Sahana System was set at ₹135 per share, and it was listed at ₹163 per share, which is a 20.7% premium. At 11:20 am, the shares of Sahana System were trading at ₹171.15, which is 26.78% higher than its issue price.
The IPO opened for subscription on May 31 for investment, and it was subscribed 9.99 times until June 2. The issue was subscribed 12.97 times in the retail category, while the QIB portion was subscribed 9.70 times. The NII category received 7.07 times subscription. The IPO size was ₹32.74 crores, and the price band was set at ₹132 to 135 per share. The lot size for the IPO was 1,000 shares.
About Sahana System Limited
Sahana System Limited is an IT-related service provider that offers web app development, mobile app development, AI and ML development, chatbot development, and product prototype services. The company also provides graphic designing, SEO and ASO, digital marketing, UI/UX design, website and application migration, IT outsourcing services, and cybersecurity services.
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In other news, Tata’s three companies will give dividends, and the ex-date is this week. Check out the full story on Live Hindustan.
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