Sat Kartar Shopping, an Ayurveda healthcare company, is set to open its public offering tomorrow, January 10, 2025. As the IPO goes live, here are the key details of the issue, including the price range, investment requirements, and important dates that potential investors should know.
Sat Kartar Shopping IPO: GMP
In the grey market, an unlisted trading platform, Sat Kartar Shopping shares prior to its opening are trading at a premium of Rs 10. This indicates a potential listing price of Rs 91, a 12.35% gain over the upper price band of Rs 81 per share, as per the recent trend.
However, it is important to remember that they are unofficial and speculative. This is not the actual listing price and may fluctuate based on the market trends.
Sat Kartar Shopping IPO: Key dates to remember
The NSE SME issue will open for bidding on January 10 and will conclude its subscription window on January 14. Further the bidding process, the allotment of shares will be finalised on January 15, and the shares are expected to be listed on the stock exchange on January 17.
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Sat Kartar Shopping IPO: Price band and investment details
The IPO price band for this SME issue has been set between the range of Rs 77 to Rs 81 per share. Investors can apply in lots of 1,600 shares. The minimum investment for retail investors is R 1,29,600, while high-net-worth individuals (HNIs) will need to invest at least Rs 2,59,200 for 2 lots.
Sat Kartar Shopping IPO: Issue size and structure
Sat Kartar Shopping IPO is a book-built issue, raising Rs 33.80 crores through a fresh issue of 41.73 lakh shares.
Sat Kartar Shopping IPO: Risk factors
As per the DRHP filing, the company in its risk disclosure said, “Our present promoter of the Company are first generation entrepreneurs.”
“Our Company depend on brand recognition and reputation and our inability to maintain or enhance brand image that we operate could have a material adverse effect on our business, financial condition and results of operations,” added the company in the filing.
“Our Registered Office and other business premises from where we operate are not owned by us. If we are required to vacate the same, due to any reason whatsoever, it may adversely affect our business operations,” the company noted.
Sat Kartar Shopping IPO: Where will it be listed?
The shares will be listed on the NSE SME platform on January 17, after its bidding and allotment process.
Sat Kartar Shopping IPO: Lead manager and market maker
The book running lead manager for the Sat Kartar Shopping IPO is Narnolia Financial Services, while Skyline Financial Services will serve as the registrar. The market maker for the issue is Prabhat Financial Services.
About the company
Sat Kartar Shopping, incorporated in June 2012, operates in the business Ayurveda-based healthcare products. It offers natural wellness solutions through therapeutic and lifestyle products. The company sells its products directly to consumers via its website, third-party e-commerce platforms, TV marketing, and digital ads on Google and Meta.