Upcoming IPO GMP- 100 Return Implicit in Just One Week, Haryana’s MDF- HDF Company

This is good news for those  appearing for IPO listing earnings. An IPO of a company grounded in Haryana is set to open soon, and its Grey Market Premium( GMP) has surged to 100, with no decline over the last three days.However, those who subscribe to this IPO could  know a 100  return within  precisely 7 days, If trading continues until the listing day.   

Around Archit Nuwood  diligence Limited 

Archit Nuwood  diligence Limited was established in 2017. The promoters of the company are Mr. Prem Chand, Mr. Vinod Kumar Singla, and Mr. Vineet Kumar. The company's listed  department is located in Tohana, a  megacity in Fatehabad  quarter, Haryana. The company specializes in fabricating MDF( Medium  viscosity Fiberboard) and HDF( High-  viscosity Fiberboard) boards.  also, they producepre-laminated boards. The company’s product portfolio includes - MDFPre-laminated interior grade accoutrements  orpre-lam,Pre-laminated Exterior Grade MDF, Plain Exterior Grade MDF, and Plain Interior Grade MDF. - HDFPre-laminated HDF, Plain HDF, Plain California Air  coffers Board( CARB)  biddable  councils, andPre-laminated CARB  biddable  councils. - High- Pressure Laminate( HPL)   The company has not bared details  descrying its business  missions within India or internationally.  still, it has reported that as of April 26, 2024, it assumed 149 people,  involving its  administrators.    

Fiscal Overview of Archit Nuwood  diligence Limited 

Over the  once time (from April 1, 2023, to March 31, 2024), the company’s  profit  swelled by 21, and its  return after  duty grew by 74. The company is seeking to  elevate an investment of ₹ 168.48 crores through its IPO, issuing 6.24 million  pieces in return. The proceeds from the IPO will be invested in the company’s two accessories Archit  councils Private Limited (APPL) and General Commercial Charges.   

Archit Nuwood  diligence IPO  program

IPO Open  assignation Friday, August 30, 2024  - 

IPO Close  assignation Tuesday, September 3, 2024  - 

Base of Allotment Wednesday, September 4, 2024  -  

inauguration of Refunds Thursday, September 5, 2024  -  

credence of  pieces to Demat Thursday, September 5, 2024  - 

Listing  assignation Friday, September 6, 2024  - 

Cut- off time for UPI accreditation  evidence 5 PM on September 3, 2024   

Investment Details and GMP Trend 

- Face Value ₹ 10 per share 

- freight Band ₹ 257 to ₹ 270 per share 

- Lot Size 400 Shares 

- Investment ₹  108,000  

- GMP Trend 100 %  

Disclaimer - This is  innocently a news composition  leveled  at informing investors in the Indian share  request. We do n't encourage or  demoralize investment in any company. Please  confer your  fiscal  counsel and  inoculate grounded on your own  exploration.