Esconet Technologies IPO: Check Subscription Status, GMP Today.
Unlisted shares of Esconet Technologies Ltd are buying and selling Rs 83 greater within the gray market, which is 98.81 per cent itemizing achieve from the general public situation
Esconet Technologies IPO: The preliminary public providing of supercomputing options supplier Esconet Technologies Ltd, which was opened for public subscription on Friday, February 16, has obtained an awesome response from buyers. Till 4:56 pm on the second day of bidding on Monday, February 19, the Rs 28.22-crore SME IPO obtained 81.49 occasions subscription, garnering bids for 18,17,53,600 shares as in opposition to 22,30,400 shares on supply.
The IPO might be closed on Tuesday, February 20.
The retail class has obtained 130.40 occasions subscription and the non-institutional quota bought 74.19 occasions subscription. The certified institutional purchaser (QIB) class has obtained 1.33 occasions subscription.
The allotment of Esconet Technologies IPO will happen on February 21, whereas its itemizing will happen on the NSE SME on February 23, 2024.
Esconet Technologies IPO GMP Today
According to market observers, unlisted shares of Esconet Technologies Ltd are buying and selling Rs 83 greater within the gray market as in contrast with its situation worth. The Rs 83 gray market premium or GMP means the gray market is anticipating a 98.81 per cent itemizing achieve from the general public situation. The GMP is predicated on market sentiments and retains altering.
‘Grey market premium’ signifies buyers’ readiness to pay greater than the problem worth.
Esconet Technologies IPO Details
Esconet Technologies IPO is totally a recent situation of 33.6 lakh shares. The worth band of the IPO was fastened at Rs 80 to Rs 84 per share. The minimal lot dimension for an software is 1,600 shares.
The minimal quantity of funding required by retail buyers is Rs 1,34,400. The minimal lot dimension funding for HNI is 2 heaps (3,200 shares) amounting to Rs 2,68,800.
Corporate Capitalventures Pvt Ltd is the e book-operating lead supervisor of the Esconet Technologies IPO, whereas Skyline Financial Services Private Ltd is the registrar for the problem. The market maker for Esconet Technologies IPO is Ss Corporate Securities.
(The story has been up to date with the newest subscription and GMP knowledge until 4:56 pm)
