
Industrials · NSE
Incorporated in 1995, Ishan International Limited is engaged in turnkey contracting and project execution, specializing in supplying machinery, installation, commissioning, and operational training for sugar plants, jaggery plants, pharmaceutical plants, hydropower projects, and pollution control systems. The company also provides high-end engineering services across hydro power, sugar and jaggery processing, pharmaceuticals, and pollution control. Ishan International supplies heavy engineering equipment to major international clients in the Philippines, Vietnam, and Indonesia, with overseas offices in the Philippines, Indonesia, Hanoi, Ho Chi Minh City, and an upcoming office in Kenya. Backed by an ISO 9001:2015 certified quality management system, its product range includes ESPs, jaggery plant equipment, cane-crushing machinery, gearboxes, couplings, rollers, automation systems, pharmaceutical manufacturing equipment, sterilization systems, filling lines, and various specialized engineering components.
Price Band
₹80
Issue Size
₹18.24 Cr
Lot Size
1600 shares
GMP
Est. Listing
₹80
at current GMP
Subscribed
1.62x
overall
Open
9 Sep 2022
Close
14 Sep 2022
Allotment
20 Sep 2022
Refund
21 Sep 2022
Demat Credit
22 Sep 2022
Listing
22 Sep 2022
Designated Registrar: Kfin Technologies Limited
Allotment Date
20 Sep 2022
Basis finalization
Refunds Initiate
21 Sep 2022
Mandate release
Demat Credit
22 Sep 2022
Shares in demat
Listing Debut
22 Sep 2022
Trading begins
Ishan International Limited is bringing an initial public offering (IPO) in the Industrials sector with an aggregate issue size of ₹18.24 Crores. The shares are offered at a price band of ₹80 to ₹80 per equity share on NSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1600 shares (approx. ₹1,28,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2022-09-22, while un-allotted funds or UPI block mandates will be released on 2022-09-21.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.