CASHurDRIVE announces IPO opening on July 31; Rs 60.79 crore issue set to hit markets
The offering includes a total of 46,76,000 equity shares, distributed across QIB, NII, RII and MM
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Published: Jul 29, 2025 8:11 AM | 1 min read
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CASHurDRIVE has officially announced the opening of its Initial Public Offering (IPO) scheduled for July 31, 2025. The company aims to raise up to Rs 60.79 crore at the upper price band.
The IPO price band is set between Rs 123 to Rs 130 per share, with a minimum lot size of 1,000 equity shares. Anchor investors will have the opportunity to place bids a day prior on July 30, 2025, while the public issue will remain open until August 4.
The offering includes a total of 46,76,000 equity shares, distributed across Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), Retail Individual Investors (RII) and Market Makers (MM).
The allocation includes 22,04,000 shares for QIBs, 6,63,000 shares for NIIs, 15,50,000 shares for retail investors, and 2,59,000 shares reserved for market makers. The book running lead manager for the IPO is Narnolia, and the company’s shares will be listed on NSE Emerge, a platform for small and medium enterprises.
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