The SME initial public offering (IPO) of Sat Kartar Shopping will open for public bidding on Friday, January 10. The company aims to raise Rs 33.80 crore through the fresh issue of 41.73 lakh shares and its stock will get listed on the NSE SME platform on January 17.Price band for Sat Kartar Shopping IPOThe company has fixed the IPO price band at Rs 77 to Rs 81 per share.Latest GMP for Sat Kartar Shopping IPOAhead of the issue, the company's unlisted shares were not commanding any GMP in the grey market.Sat Kartar Shopping IPO’s listing, allotment and closing dateSat Kartar Shopping IPO will open for public subscription on January 10, and the issue will close on January 14. The anchor bidding is set to open on January 9.Meanwhile, the allotment for the IPO is expected to be finalized on January 15. Meanwhile, the company’s shares are set to list on the NSE SME platform on January 17. Proceeds from IPOThe funds raised from the IPO will be used to cover the costs of an undisclosed acquisition, either in India or internationally, along with marketing and advertising expenses, capital expenditures, investments in technology, and other general corporate needs.Sat Kartar Shopping IPO lot sizeInvestors can bid for a minimum of 1,600 shares, with additional bids in multiples of 1,600. The minimum lot size for an application is 1,600 shares, requiring a minimum investment of Rs 1.29 lakh for retail investors. For high-net-worth individuals (HNIs), the minimum lot size is 2 lots (3,200 shares), with an investment of Rs 2.59 lakh.About Sat Kartar ShoppingSat Kartar Shopping Limited specializes in providing premium Ayurvedic products that promote personal wellness for both men and women, targeting a wide range of health concerns. With an emphasis on natural and holistic solutions, the company is committed to supporting overall well-being and empowering individuals to live healthier lives.As a direct-to-consumer (D2C) brand, the company connects with customers through its own D2C website, third-party e-commerce platforms, TV marketing, and advertising on Google and Meta applications. Sat Kartar Shopping is dedicated to fostering a healthier lifestyle through the transformative power of Ayurveda.Sat Kartar Shopping’s financialsIn FY24, Sat Kartar Shopping reported revenue of Rs 127.90 crore and EBITDA of Rs 10.24 crore and a profit after tax of Rs 6.30 crore.IPO's book running lead manager and registrar The book Running lead manager to the issue is Narnolia Financial Services and the registrar to the issue is Skyline Financial Services.Also read | BR Goyal Infrastructure IPO subscribed 31% on Day 1 so far. Check GMP, price band and other details(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)