What is the Corrtech International IPO date & price?
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The IPO date and price for the Corrtech International IPO are TBA (To Be Announced) and will be confirmed closer to the launch date.
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Corrtech International's IPO presents an opportunity to invest in a company specializing in oil and gas infrastructure services. With growth potential and industry experience, the IPO offers investors a chance to diversify their portfolios while considering associated risks and rewards.
Overview of the Company
Corrtech International Limited, established in 1982, is a major player in the Indian oil & gas infrastructure services industry. The company specializes in providing pipeline laying, horizontal drilling, and cathodic protection services across India. With its headquarters in Gujarat, Corrtech is recognized for delivering crucial infrastructure services for oil and gas projects.
Core Business and Market Position
Corrtech's strong market position is driven by its expertise in engineering, procurement, and construction (EPC) services. The company's diversified service portfolio, combined with over four decades of experience, has helped it establish strong client relationships with prominent oil and gas companies. Its technological capabilities and proven track record make Corrtech a leader in its niche.
IPO Details:
Parameter | Description |
IPO Opening Date | TBD |
IPO Closing Date | TBD |
Face Value of Each Share | ₹10 |
Fresh Issue | Equity shares worth ₹3,500 million |
Offer for Sale (OFS) | 4,000,000 shares |
Purpose of the IPO
Event | Date |
IPO Open Date | TBA |
IPO Close Date | TBA |
Basis of Allotment | TBA |
Initiation of Refunds | TBA |
Credit of Shares to Demat | TBA |
Listing Date | TBA |
Cut-off time for UPI mandate confirmation | TBA |
Online Application Process
Step 1: Log in to your Bajaj Broking trading account linked to your Demat account.
Step 2: Navigate to the IPO section and select " Corrtech International IPO."
Step 3: Choose the number of shares and the price within the specified range.
Step 4: Complete the UPI mandate or ASBA process to block the required funds.
Step 5: Submit your application.
Potential Risks of Investing in the IPO:
Opportunities and Growth Potential:
Registrar | Contact Details |
Link Intime India Pvt. Ltd. | +91 22 4918 6200 |
Email: corrtech.ipo@linkintime.co.in |
Lead Manager | Contact Details |
Equirus Capital Private Limited | +91 22 4332 0700 |
Email: cil.ipo@equirus.com |
Corrtech International's IPO provides an opportunity to invest in a growing company within the essential oil and gas infrastructure sector. With strong market positioning and future growth prospects, investors can consider this IPO as a part of their diversified portfolio.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
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The IPO date and price for the Corrtech International IPO are TBA (To Be Announced) and will be confirmed closer to the launch date.
The Corrtech International IPO is an opportunity for the company to raise capital for its expansion and working capital needs. It is significant as it allows investors to participate in the growth of a key player in the oil & gas infrastructure industry.
The price band for the Corrtech International IPO is TBA. It will be determined based on demand from anchor investors and market conditions closer to the IPO date.
To apply through your Bajaj Broking Demat Account, go to the IPO section, and select " Corrtech International IPO." Choose quantity and price, complete the UPI mandate or ASBA process, and submit your application to block the required funds.
Key risks include market volatility and regulatory changes in the oil & gas sector. Rewards include Corrtech’s strong market position, extensive industry experience, and growth potential. More information will be TBA as the IPO progresses.
The listing date for the Corrtech International IPO shares is TBA and will be announced after the allotment process is completed.
Investors should review the Draft Red Herring Prospectus (DRHP), financial reports, and market analysis. These documents provide a detailed overview of the company’s business model, financial health, and the risks associated with the investment.
The company’s dividend policy post-IPO will depend on its profitability and performance.
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