Share Samadhan’s stock debuted on September 16 at Rs 73, reflecting a 1.28% discount from its issue price of Rs 74 on the BSE’s SME platform. This aligns with grey market predictions.
The Rs 24-crore IPO, consisting of 35 lakh new shares, saw moderate interest. It was oversubscribed 14.6 times, with non-institutional investors buying 22 times their reserved shares, retail investors 18 times, and QIBs 2.6 times.
Share Samadhan Limited offers a holistic approach to protecting and recovering investments. It provides investment retrieval, wealth protection via Wealth Samadhan Private Limited, and litigation funding through Nyaya Mitra Limited, emphasizing success fees for dispute resolution. The company focuses on reclaiming unclaimed assets, safeguarding wealth, and advancing its processes and outreach to serve global investors better.
The objective of Share Samadhan’s IPO is to raise funds to expand its operations, enhance its technology infrastructure, and strengthen its market position. The proceeds will also be used for general corporate purposes and to meet working capital needs.