Understanding New Swan Multitech IPO GMP

[Informative Blogs]

The New Swan Multitech IPO GMP is a SME IPO of 5,016,000 equity shares of the face value of ₹10 aggregating up to ₹33.11 Crores. The issue is priced at ₹62 to ₹66 per share. The minimum order quantity is 2000 Shares. The New Swan Multitech Limited IPO subscription window is open from January 11 to January 15, 2024. The allotment for the New Swan Multitech IPO GMP today is expected to be finalized on Tuesday, January 16, 2024. New Swan Multitech IPO has the tentative listing date is fixed as Thursday, January 18, 2024. 

SME IPO stands for Small and Medium Enterprise Initial Public Offering. It is a type of IPO that allows small and medium-sized businesses to raise capital by selling shares to the public. SME IPOs have relatively relaxed regulations compared to normal IPOs, making it easier for SMEs to tap public markets and gain substantial liquidity in the process. 

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