Ram Mandir Holiday Delays Nova Agritech, Epack IPOs; Alters Medi Assist, Maxposure Listings

Due to January 22 being declared a public holiday for Ram mandir, IPOs like Nova Agritech, Epack Durable, and Medi Assist Healthcare, along with several SME offerings, have been rescheduled, shifting opening, closing, and listing dates by one day across the mainboard and SME segments.
Ram Mandir Holiday Causes One-Day Delay in IPOs

After declaring January 22 as the Ram Mandir holiday, several public issuances and listings initially set for today and the following shortened week have been delayed by a day.

The initial public offering (IPO) of Nova Agritech, previously set to be open from January 22 to 24, is now rescheduled for January 23–25. Its listing has also been moved from January 30 to January 31.

The Epack Durable IPO, which aims to raise Rs 640 crore, will extend its closing date to January 24 from the previously planned January 23. The listing of its shares is now set for January 30, a day later than initially intended.

Medi Assist Healthcare Services has adjusted its listing date to January 23. The final offering price for its Rs 1,172-crore issue is Rs 418 per share, with the offer being oversubscribed 16.25 times between January 15 and 17.

This schedule change follows the Maharashtra General Administration Department’s notification dated January 19 and the RBI’s press release about the public holiday on January 22 under the Negotiable Instruments Act, 1981. Consequently, trading on all segments will be halted on January 22.

In the SME segment, the Brisk Technovision IPO is now set to open on January 23 and close on January 25, deviating from its original schedule of January 22–24, 2024. Its listing date was also moved to January 31 instead of January 30.

The Qualitek Labs IPO, which was due to close on January 22, will now conclude a day later. Similarly, the public issues of Euphoria Infotech India, Konstelec Engineers, and Addictive Learning Technology will now close on January 24, leading to a new listing date of January 30 instead of January 29.

The Maxposure IPO, which witnessed a subscription rate of 904.86 times during January 15–17, will now see its equity shares tradeable from January 23, a day later than the previously scheduled January 22.

Lastly, Qualitek Labs, known for its testing, inspection, homologation, certification, and consulting services, was slated to debut on the BSE SME on January 25. However, due to the extended IPO closing date to January 23, its listing has been rescheduled for January 29.

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