Konstelec Engineers IPO: Check Subscription Status, GMP Today.
Unlisted shares of Konstelec Engineers Ltd are buying and selling Rs 57 larger within the gray market, which is an 81.43 per cent itemizing acquire from the general public concern
Konstelec Engineers IPO: The preliminary public providing of Konstelec Engineers Ltd, which was opened for public subscription on Friday, January 19, has obtained a whopping response from traders. Till 6:22 pm on the second day of bidding on Tuesday, January 23, the Rs 28.7-crore SME IPO obtained 145.53 instances subscription, garnering bids for 39,70,04,000 shares as towards 27,28,000 shares.
The IPO will likely be closed on Wednesday, January 24. The share allotment of the Konstelec Engineers IPO will happen on January 25, whereas its itemizing date is January 30.
Konstelec Engineers IPO GMP Today
According to market observers, unlisted shares of Konstelec Engineers Ltd are buying and selling Rs 57 larger within the gray market as in contrast with its concern worth. The Rs 57 gray market premium or GMP means the gray market is anticipating a 81.43 per cent itemizing acquire from the general public concern. The GMP relies on market sentiments and retains altering.
‘Grey market premium’ signifies traders’ readiness to pay greater than the problem worth.
Konstelec Engineers IPO Details
Konstelec Engineers IPO is a Rs 28.70-crore IPO and is solely a contemporary concern of 41 lakh shares.
The worth band of the Konstelec Engineers IPO has been fastened at Rs 66 to Rs 70 per share. The minimal lot measurement for an software is 2,000 shares. The minimal quantity of funding required by retail traders is Rs 1,40,000. The minimal lot measurement funding for HNI is 2 heaps (4,000 shares) amounting to Rs 2,80,000.
Beeline Capital Advisors (*145*) Ltd is the guide-operating lead supervisor of the Konstelec Engineers IPO, whereas Skyline Financial Services Private Ltd is the registrar for the problem. The market maker for Konstelec Engineers IPO is Spread X Securities.
(The headline and story have been up to date with the newest subscription and GMP information until 6:22 pm on January 23)
