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New Swan Multitech IPO allotment finalized, market debut set for Thursday

EditorAhmed Abdulazez Abdulkadir
Published 17/01/2024, 08:29
© Reuters.

MUMBAI - The initial public offering (IPO) share allotment for New Swan Multitech has been finalized today. Investors can now check the allotment results through the registrar's website. Following the confirmation of the allotment, refunds will begin for applicants who were not allotted shares.

The company is set to make its market debut on the BSE SME exchange this Thursday, January 18, 2024. The IPO has garnered significant attention from investors, with the subscription rate reaching 388 times for retail investors and over 730 times for non-institutional investors. Market participants are expecting the shares to list with a considerable premium over the IPO price, indicating strong investor confidence in the company's market prospects.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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