Italian Edibles IPO Day 1: Check Subscription Status, GMP Today.
Unlisted shares of Italian Edibles Ltd are buying and selling Rs 20 greater within the gray market, which is a 29.41 per cent itemizing acquire from the general public concern
Italian Edibles IPO: The preliminary public providing of Italian Edibles Ltd has opened for public subscription on Friday, January 2. The Rs 26.66-crore SME IPO will stay open until Tuesday, January 30. Till 10:19 am on the primary day of bidding on Friday, the IPO obtained 0.18 occasions subscription, garnering bids for six,70,000 shares as in opposition to 37,20,000 shares on supply.
The retail class has to date obtained 0.33 occasions subscription and the non-institutional investor (NII) class quota obtained 0.03 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 greater within the gray market as in contrast with its concern worth. The Rs 20 gray market premium or GMP means the gray market is anticipating a 29.41 per cent itemizing acquire from the general public concern. The GMP relies on market sentiments and retains altering.
‘Grey market premium’ signifies buyers’ readiness to pay greater than the problem worth.
Italian Edibles IPO Details
The Italian Edibles IPO is solely a recent concern of 39.2 lakh shares. The worth of the Italian Edibles IPO has been mounted at Rs 68 per share.
The minimal lot dimension for an utility 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 tons (4,000 shares) amounting to Rs 2,72,000.
First Overseas Capital Limited is the guide-working lead supervisor of the Italian Edibles IPO, whereas Bigshare Services Pvt Ltd is the registrar for the problem. The market maker for Italian Edibles IPO is Nikunj Stock Brokers.
