Arrowhead Seperation Engineering IPO: Check GMP, Subscription Status, Price, Lot Size About This SME IPO.
Arrowhead Seperation Engineering IPO: The Rs 13-crore SME IPO has up to now acquired bids for 4,06,27,200 shares as in opposition to 5,58,000 shares on provide
Arrowhead Seperation Engineering IPO: The preliminary public providing (IPO) of Arrowhead Seperation Engineering, which opened for public subscription on November 16, has acquired an enormous response with 72.62 occasions subscription on the ultimate day of bidding on Monday. Till 2:58 pm, the Rs 13-crore SME IPO acquired bids for 4,06,27,200 shares as in opposition to 5,58,000 shares on provide.
The value of the IPO was mounted at Rs 233 per share. The class for non-institutional buyers received subscribed 27.05 occasions whereas the quota for retail particular person buyers (RIIs) acquired a whopping 124.54 occasions subscription. The portion for certified institutional patrons (QIBs) acquired bids for 3,29,400 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
Though the corporate has recieved an enormous IPO response, the dramatic pattern is just not mirrored on its GMP or unlisted share value in gray market.
According to market observers, unlisted shares of Arrowhead Seperation Engineering had been buying and selling Rs 25 greater within the gray market as in contrast with its challenge value. The Rs 25 gray market premium or GMP means the gray market is anticipating a ten.73 per cent itemizing achieve from the general public challenge. The GMP relies in the marketplace sentiments and retains altering.
The GMP was Rs 75, or practically 32 per cent, on the second day of bidding on Friday, November 17.
‘Grey market premium’ signifies buyers’ readiness to pay greater than the problem value.
Arrowhead Seperation Engineering IPO Details
The Rs 13-crore SME IPO’s value has been mounted at Rs 233 per share. The minimal lot dimension is 600 shares. The minimal quantity of funding required by retail buyers 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-operating 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 forms of dryers reminiscent of 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 many others.
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.
