Fonebox Retail IPO: Check Subscription Status, GMP Today.
Unlisted shares of Fonebox Retail Ltd are buying and selling Rs 120 increased within the gray market, which is a 171.43 per cent itemizing acquire from the general public subject
Fonebox Retail IPO: The preliminary public providing of Fonebox Retail Ltd, which was opened for public subscription on Thursday, January 25, has thus far obtained a good response from traders. The IPO will stay open until Tuesday, January 30. Till 12:32 pm on the primary day of bidding on Thursday, the Rs 46.08-crore SME IPO obtained 4.37 instances subscription, garnering bids for 84,68,000 shares as in opposition to 19,38,000 shares on provide.
The retail class has obtained an amazing 17.99 instances subscription and the non-institutional investor (NII) class quota obtained 1.04 instances subscription.
The allotment of Fonebox Retail IPO will happen on January 31, whereas its itemizing will happen on the NSE SME on February 2, 2024.
Fonebox Retail IPO GMP Today
According to market observers, unlisted shares of Fonebox Retail Ltd are buying and selling Rs 120 increased within the gray market as in contrast with its subject worth. The Rs 120 gray market premium or GMP means the gray market is anticipating a 171.43 per cent itemizing acquire from the general public subject. The GMP relies on market sentiments and retains altering.
‘Grey market premium’ signifies traders’ readiness to pay greater than the problem worth.
Fonebox Retail IPO Details
Fonebox IPO is a Rs 20.37-crore IPO and is totally a contemporary subject of 29.1 lakh shares.
The worth band of the Fonebox IPO has been mounted at Rs 66 to Rs 70 per share. The minimal lot dimension for an software is 2,000 shares. The minimal quantity of funding required by retail traders is Rs 1,40,000. The minimal lot dimension funding for HNI is 2 tons (4,000 shares) amounting to Rs 2,80,000.
Beeline Capital Advisors Pvt Ltd is the ebook-operating lead supervisor of the Fonebox Retail IPO, whereas Kfin Technologies Limited is the registrar for the problem. The market maker for Fonebox Retail IPO is Spread X Securities.
