In a uncommon motion forward of an SME itemizing, the inventory alternate BSE imposed restrictions associated to the utilisation of IPO proceeds by Trafiksol after receiving a criticism and postponed the entry into the secondary market.
“The itemizing of fairness shares of Trafiksol ITS Applied sciences Restricted for September 17, 2024 has been postponed until sure queries which have been raised are resolved by the issuer,” BSE mentioned in a notification.
The event comes mere hours earlier than the scheduled itemizing of Trafiksol shares within the SME phase on Tuesday.
The subscription window for the SME IPO concluded on September 12 with bids for 345 instances the shares on provide, with 317 instances reserving within the retail phase alone.
The IPO proceeds will stay in an escrow account till a passable conclusion to the matter has been reached, in accordance with the bourse.
Beneath the Rs 44.9-crore SME IPO, shares had been out there for bidding within the worth band of Rs 66-70 per unit.
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