Arrowhead Seperation Engineering IPO: Check GMP, Subscription Status, Price, Lot Size About This SME IPO.
Unlisted shares of Arrowhead Seperation Engineering have been buying and selling at Rs 308 within the gray market, which is 32.19 per cent larger than the general public difficulty
Arrowhead Seperation Engineering IPO: The preliminary public providing (IPO) of Arrowhead Seperation Engineering, which opened for public subscription on November 16, has acquired an awesome response, with the problem being subscribed 17.74 instances on the second day of bidding to this point. The Rs 13-crore SME IPO’s worth was mounted at Rs 233 per share.
It will conclude on November 20 (Monday).
The class for non-institutional traders obtained subscribed 4.64 instances whereas the quota for retail particular person traders (RIIs) acquired a whopping 30.83 instances subscription. The portion for certified institutional patrons (QIBs) acquired bids for simply 1,200 shares.
The share allotment will happen on November 23, whereas the itemizing will happen on the BSE SME on November 29.
Arrowhead Seperation Engineering IPO GMP
According to market observers, unlisted shares of Arrowhead Seperation Engineering have been buying and selling Rs 75 larger within the gray market as in contrast with its difficulty worth. The Rs 75 gray market premium or GMP means the gray market is anticipating a 32.19 per cent itemizing acquire from the general public difficulty. The GMP relies available on the market sentiments and retains altering.
‘Grey market premium’ signifies traders’ readiness to pay greater than the problem worth.
Arrowhead Seperation Engineering IPO Details
The Rs 13-crore SME IPO’s worth has been mounted at Rs 233 per share. The minimal lot dimension is 600 shares. The minimal quantity of funding required by retail traders is Rs 1,39,800. The minimal lot dimension funding for HNI is 2 heaps (1,200 shares) amounting to Rs 2,79,600.
Aryaman Financial Services Limited is the e-book-working lead supervisor of the Arrowhead Seperation Engineering IPO, whereas Cameo Corporate Services Limited is the registrar for the problem. The market maker for Arrowhead Seperation Engineering IPO is Aryaman Capital Markets.
About Arrowhead Seperation Engineering
Arrowhead Seperation Engineering Limited, which was arrange in 1991, is into the manufacturing, buying and selling and exporting of assorted varieties of dryers equivalent to vacuum double drum dryer, rotary dryers, single drum dryer, double drum dryer, paddle dryer, flaker techniques, completely enclosed single drum dryer, steady particulate dryer, and so forth.
Its income throughout FY23 elevated 98.91 per cent to Rs 21.71 crore and revenue after tax (PAT) rose 1.69 per cent on a yearly foundation.
