MOS Utility IPO: Check out subscription date, price band, allotment date, listing date

MOS Utility IPO: An initial public offer (IPO) of MOS Utility — a provider of digital products and services catering to B2C, B2B and fintech fields — will hit the Street on Friday, March 31 and close on Thursday, April 6. Potential investors will be able to bid for MOS Utility shares in a price band of Rs 72-76 apiece under the IPO in multiples of 1,600. 

The IPO comprises up to 65.7 lakh equity shares, including fresh issuance of up to 57.7 lakh shares. 

MOS Utility IPO: Allotment date

The tentative allotment date of the fintech company's IPO is April 12.

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MOS Utility IPO: Listing date

Shares of MOS Utility IPO will be listed on NSE's SME platform on April 18.

MOS Utility Ltd is a B2B e-commerce fintech company in India. MOS enlists various network partners and offers them access to the platform as well as their own wallet. With an intention to promote the 'vocal for local' campaign of the government, it provides business opportunities for retailers, students, housewives, professionals, insurance to shopkeepers, and agents to start their own online digital service businesses.

The company's platform has primary business segments such as banking, travel, insurance, entertainment and other services.

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Avalon Technologies IPO

Meanwhile, electronic manufacturing services firm Avalon Tech has fixed a price band of Rs 415-436 a share for its Rs 865-crore IPO.

The three-day initial share sale would be open for public subscription from April 3 to April 6, and bidding by anchor investors will open on March 31, according to a company statement.

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