Italian Edibles IPO: The preliminary public providing of the Italian Edibles IPO, which was closed on February 7, goes to be listed on the NSE SME on Monday, February 12. Here’s learn how to test allotment standing, and what GMP suggests at present.
On the ultimate day of bidding on February 7, the IPO obtained over 154 instances subscription, garnering bids for 57,44,78,000 shares as towards 37,20,000 shares on supply. The retail class obtained 120.62 instances subscription and the non-institutional investor (NII) class quota obtained 177.37 instances subscription.
The Rs 26.66-crore SME IPO was opened for public subscription between February 2 and February 7.
The Italian Edibles IPO itemizing will happen on the NSE SME on February 12, 2024.
How To Check Italian Edibles IPO Allotment Status
The Italian Edibles IPO allotment standing is seen on Bigshare Services’ web site. Here’s a step-by-step information to test the Italian Edibles IPO software standing:
1) Go to the Bigshare Services Pvt Ltd web site through the URL (https://www.bigshareonline.com/ipo_Allotment.html)
2) From right here, you’ll have to choose one of many three obtainable servers
3) Select the title of the IPO through the dropdown menu. The title will solely be populated when the share allotment course of is finalised
4) You want to pick out both one of many three modes: Application quantity, Beneficiary ID or PAN ID
5) Enter the main points of the mode you chose in Step 3
6) Click on the search choice
Your allotment standing can be seen now.
Italian Edibles IPO GMP Today
According to market observers, unlisted shares of Italian Edibles Ltd are buying and selling Rs 12 increased within the gray market as in contrast with its challenge value. The Rs 12 gray market premium or GMP means the gray market is anticipating a 17.65 per cent itemizing acquire from the general public challenge. The GMP is predicated on market sentiments and retains altering.
‘Grey market premium’ signifies traders’ readiness to pay greater than the problem value.
Italian Edibles IPO Details
The Italian Edibles IPO was solely a contemporary challenge of 39.2 lakh shares. The value of the Italian Edibles IPO was fastened at Rs 68 per share.
The minimal lot dimension for an software was 2,000 shares. The minimal quantity of funding required by retail traders was Rs 1,36,000. The minimal lot dimension funding for HNI was 2 heaps (4,000 shares) amounting to Rs 2,72,000.
First Overseas Capital Limited is the e book-working lead supervisor of the Italian Edibles IPO, whereas Bigshare Services Pvt Ltd is the registrar for the problem. The market maker for Italian Edibles IPO is Nikunj Stock Brokers.
