Getalong Enterprise Ltd IPO Allotment Date : Share, Stock Price, GMP, Review, Details
Getalong Enterprise Limited was earlier incorporated on 29th July, 2020 in Mumbai as a Private Limited Company registered under the provision of the Companies Act, 2013. In April 2021, the Company was converted into a Public Limited Company.
Initial Public Offering of 7,50,000 equity shares of face value of Rs. 10 each (equity shares) of Getalong Enterprise Limited (the company or the issuer) for cash at a price of Rs. 69 per equity share (including a premium of Rs. 59 per equity share) (issue price) aggregating to Rs. 5.18 Crores (the issue) of which 38,000 equity shares aggregating to Rs. 0.26 Crores will be reserved for subscription by market maker (market maker reservation portion).
The issue less the market maker reservation portion i.e. issue of 7,12,000 equity shares of face value of Rs. 10 each at an issue price of Rs. 69 per equity share aggregating to Rs. 4.91 Crores is hereinafter referred to as the net issue. The issue and the net issue will constitute 41.02% and 38.94% of the post-issue paid-up equity share capital of the company.The face value of the equity shares is Rs. 10.00 each and the issue price is Rs. 6.90 times of the face value.