Italian Edibles IPO: Check Subscription Status, GMP Today.
Unlisted shares of Italian Edibles Ltd are buying and selling Rs 15 increased within the gray market, which is a 22.06 per cent itemizing achieve from the general public subject
Italian Edibles IPO: The preliminary public providing of Italian Edibles Ltd, which has been closed on Wednesday, February 7, has acquired a whopping response from traders. Till 3:24 pm on the ultimate day of bidding on Wednesday, the IPO acquired 118.11 instances subscription, garnering bids for 43,93,74,000 shares as in opposition to 37,20,000 shares on supply.
The Rs 26.66-crore SME IPO was opened for public subscription on February 2.
The retail class has to this point acquired 108.54 instances subscription and the non-institutional investor (NII) class quota obtained 120.95 instances subscription.
The allotment of Italian Edibles IPO will happen on February 8, whereas its itemizing will happen on the NSE SME on February 12, 2024.
Italian Edibles IPO GMP Today
According to market observers, unlisted shares of Italian Edibles Ltd are buying and selling Rs 15 increased within the gray market as in contrast with its subject worth. The Rs 15 gray market premium or GMP means the gray market is anticipating a 22.06 per cent itemizing achieve from the general public subject. The GMP relies on market sentiments and retains altering.
‘Grey market premium’ signifies traders’ readiness to pay greater than the difficulty worth.
Italian Edibles IPO Details
The Italian Edibles IPO is solely a contemporary subject of 39.2 lakh shares. The worth of the Italian Edibles IPO has been mounted at Rs 68 per share.
The minimal lot dimension for an software is 2,000 shares. The minimal quantity of funding required by retail traders is Rs 1,36,000. The minimal lot dimension funding for HNI is 2 heaps (4,000 shares) amounting to Rs 2,72,000.
First Overseas Capital Limited is the e-book-operating lead supervisor of the Italian Edibles IPO, whereas Bigshare Services Pvt Ltd is the registrar for the difficulty. The market maker for Italian Edibles IPO is Nikunj Stock Brokers.
(The story has been up to date with the most recent subscription information)
