Share Samadhan Limited Announces IPO to Fuel Growth and Expand Operations

Share Samadhan Limited will go public with an IPO on September 9, 2024, aiming to raise Rs 24.06 Crores. The initiative focuses on expanding operations, enhancing market presence, and amplifying growth in investment retrieval, wealth protection, and litigation funding solutions. Shares will be listed on the BSE SME platform.

Share Samadhan Limited, headquartered in Mumbai, Maharashtra, has unveiled plans to go public with an Initial Public Offering (IPO) set to open on September 9, 2024. The company aims to raise Rs 24.06 Crores by listing on the BSE SME platform.

The IPO will issue up to 32,51,200 equity shares, each valued at Rs 10. The allocation includes up to 9,23,200 shares for QIB Anchor Portion, 6,19,200 for Qualified Institutional Buyers, at least 4,64,000 for Non-Institutional Investors, 10,81,600 for Retail Individual Investors, and 1,63,200 for Market Makers.

The funds will be directed primarily towards technological investments, unidentified acquisitions, working capital requirements, corporate purposes, and covering issue expenses. Led by Narnolia Financial Services Limited, with Skyline Financial Services Private Limited as the registrar, the subscription period will run from September 9 to September 11, 2024.

Managing Director Abhay Kumar Chandalia emphasized the company's dedication to helping investors reclaim lost or forgotten investments since its inception. Share Samadhan's services span across various asset classes including physical shares, mutual funds, provident funds, fixed deposits, and more, aimed at securing financial futures.

According to Vipin Aggarwal, Chairman and Managing Director of Narnolia Financial Services Limited, the IPO presents significant growth potential in the financial sector. Share Samadhan aims to strengthen its market presence and generate value for its investors through this public offering.

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(With inputs from agencies.)