Xelpmoc Design and Tech Limited IPO - Should you subscribe?
Incorporated in September 2015, Xelpmoc Design and Tech Limited has launched its IPO in this month after a break of almost four months in IPO Bazaar. This is the first mainline IPO of 2019. The last IPO was launched by Dinesh Engineering Ltd in September 2018 which miserably failed to attract the investors, and finally had to be withdrawn due to undersubscription. Since then, no company has dared to launch its IPO in this uncertain and highly volatile market. However, Xelpmoc Design has come up with its plan to garner money through IPO. The issue size is very small. The company is planning to garner meagre 23 Crore approx. through 100% Fresh Issue of shares. Issue Details: The issue is opening on January 23, 2019 and closing on January 25, 2019. The tentative dates of allotment and listing are February 1, 2019 and February 4, 2019 respectively. The company has set the price range between Rs. 62 - Rs, 66 per share. Rs. 3 per share discount is offered to Retail Investors.