Italian Edibles IPO Day 3: Check Subscription Status, GMP Today.
Unlisted shares of Italian Edibles Ltd are buying and selling Rs 20 larger within the gray market, which is a 29.41 per cent itemizing achieve from the general public challenge
Italian Edibles IPO: The preliminary public providing of Italian Edibles Ltd, which was opened for public subscription on February 2, has to this point acquired a good response from buyers. Till 5:32 pm on the third day of bidding on Tuesday, the IPO acquired 33.97 occasions subscription, garnering bids for 12,63,76,000 shares as in opposition to 37,20,000 shares on supply.
The Rs 26.66-crore SME IPO will stay open until Wednesday, February 7.
The retail class has to this point acquired 53.78 occasions subscription and the non-institutional investor (NII) class quota received 14.07 occasions subscription.
The allotment of Italian Edibles IPO will happen on February 8, whereas its itemizing will happen on the NSE SME on February 12, 2024.
Italian Edibles IPO GMP Today
According to market observers, unlisted shares of Italian Edibles Ltd are buying and selling Rs 20 larger within the gray market as in contrast with its challenge value. The Rs 20 gray market premium or GMP means the gray market is anticipating a 29.41 per cent itemizing achieve from the general public challenge. The GMP is predicated on market sentiments and retains altering.
‘Grey market premium’ signifies buyers’ readiness to pay greater than the difficulty value.
Italian Edibles IPO Details
The Italian Edibles IPO is fully a recent challenge of 39.2 lakh shares. The value of the Italian Edibles IPO has been fastened at Rs 68 per share.
The minimal lot dimension for an software is 2,000 shares. The minimal quantity of funding required by retail buyers is Rs 1,36,000. The minimal lot dimension funding for HNI is 2 heaps (4,000 shares) amounting to Rs 2,72,000.
First Overseas Capital Limited is the e book-working lead supervisor of the Italian Edibles IPO, whereas Bigshare Services Pvt Ltd is the registrar for the difficulty. The market maker for Italian Edibles IPO is Nikunj Stock Brokers.
(The subscription knowledge until 5:32 pm has been up to date within the story)
