The Money Fair IPO Details
The Money Fair IPO subscription period began on June 25, 2024, and will end on June 27, 2024. The IPO aims to raise approximately ₹23.11 crores. The allocation breakdown is as follows:
- 35% for retail investors
- 50% for qualified institutional buyers (QIBs)
- 15% for non-institutional investors (NIIs)
The price range for the IPO is set at ₹73 to ₹77 per equity share.
Key Information
- Minimum Market Lot: 1600 shares
- Application Amount: ₹123,200
- IPO Category: Mainline IPO
- Listing: BSE and NSE
About The Money Fair
The Money Fair is a leading company in India’s heating equipment sector known for its exceptional performance in new order bookings from Fiscal 2021 to Fiscal 2023. The company specializes in:
- Thermal designing
- Engineering
- Manufacturing
- Supplying
- Installing
- Commissioning process-fired heaters, reformers, and cracking furnaces (Source: F&S Report)
In Fiscal 2023, The Money Fair held a market share of approximately 27% in India’s heating equipment market based on new order bookings.
Investor Categories
- Qualified Institutional Buyers (QIBs): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors (NIIs): Individual Investors, NRIs, Companies, Trusts, etc.
- Retail Individual Investors (RIIs): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders