Deem Roll Tech IPO: Check Subscription Status, GMP Today.
Unlisted shares of Deem Roll Tech Ltd are buying and selling Rs 45 increased within the gray market, which is a 34.88 per cent itemizing achieve from the general public situation
Deem Roll Tech IPO: The preliminary public providing of metal and alloy rolls producer Deem Roll Tech Ltd, which was opened for public subscription on Tuesday, February 20, has acquired a optimistic response from traders. Till 11:38 am on the second day of bidding on Wednesday, the Rs 29.26-crore SME IPO acquired 3.75 instances subscription, garnering bids for 80,81,000 shares as in opposition to 21,54,000 shares on provide.
The IPO can be closed on Thursday, February 22.
The retail class has acquired 6.04 instances subscription and the non-institutional quota received 1.45 instances subscription.
The allotment of Deem Roll Tech IPO will happen on February 23, whereas its itemizing will happen on the NSE SME on February 27, 2024.
Deem Roll Tech IPO GMP Today
According to market observers, unlisted shares of Deem Roll Tech Ltd are buying and selling Rs 45 increased within the gray market as in contrast with its situation worth. The Rs 45 gray market premium or GMP means the gray market is anticipating a 34.88 per cent itemizing achieve from the general public situation. The GMP is predicated on market sentiments and retains altering.
‘Grey market premium’ signifies traders’ readiness to pay greater than the problem worth.
Deem Roll Tech IPO Details
Deem Roll Tech IPO is solely a recent situation of twenty-two.68 lakh shares. The worth of the IPO has been mounted at Rs 129 per share. The minimal lot measurement for an software is 1,000 shares.
The minimal quantity of funding required by retail traders is Rs 1,29,000. The minimal lot measurement funding for HNI is 2 tons (2,000 shares) amounting to Rs 2,58,000.
Fedex Securities Pvt Ltd is the guide-operating lead supervisor of the Deem Roll Tech IPO, whereas Bigshare Services Pvt Ltd is the registrar for the problem. The market maker for Deem Roll Tech IPO is Ss Corporate Securities.
