M.V.Okay. Agro Food IPO: Check Subscription Status, GMP Today.
Unlisted shares of M.V.Okay. Agro Food Product Ltd are buying and selling Rs 30 larger within the gray market, anticipating a 25 per cent itemizing achieve from the general public difficulty
M.V.Okay. Agro Food IPO: The preliminary public providing of small and medium-sized enterprise M.V.Okay. Agro Food Product Ltd, which opened for public subscription on February 29, has been totally subscribed. Till 11:04 am on the second day of bidding, the Rs 65.88-crore SME IPO has obtained a 1.64 per cent subscription garnering bids for 85,74,000 shares as in opposition to 52,15,200 shares on provide.
The retail quota has obtained 2.71 occasions subscription, whereas the non-institutional investor (NII) class has been subscribed 0.58 occasions.
The value of the M.V.Okay. Agro Food IPO, which will likely be closed on March 4, has been fastened at Rs 120 per share.
The allotment of the M.V.Okay. Agro Food IPO will happen on March 5, whereas its itemizing will happen on the NSE SME on March 7, 2024.
M.V.Okay. Agro Food IPO GMP Today
According to market observers, unlisted shares of M.V.Okay. Agro Food Product Ltd are buying and selling Rs 30 larger within the gray market as in contrast with its difficulty value. The Rs 30 gray market premium or GMP means the gray market is anticipating a 25 per cent itemizing achieve from the general public difficulty. The GMP relies on market sentiments and retains altering.
‘Grey market premium’ signifies traders’ readiness to pay greater than the difficulty value.
M.V.Okay. Agro Food IPO Details
M.V.Okay. Agro Food IPO is totally a recent difficulty of 54.9 lakh shares. The value of M.V.Okay. Agro Food IPO is Rs 120 per share.
Investors can apply for at least one lot comprising 1,200 shares. The minimal quantity of funding required by retail traders is Rs 1,44,000. The minimal lot dimension funding for HNI is 2 tons (2,400 shares) amounting to Rs 2,88,000.
Horizon Management Private Limited is the e book-operating lead supervisor of the M.V.Okay. Agro Food IPO, whereas Mas Services Limited is the registrar for the difficulty. The market maker for M.V.Okay. Agro Food IPO is Nikunj Stock Brokers.
