M.V.Ok. Agro Food IPO: Check Subscription Status, GMP Today.
Unlisted shares of M.V.Ok. Agro Food Product Ltd are buying and selling Rs 5 greater within the gray market, anticipating a 4.17 per cent itemizing acquire from the general public problem
M.V.Ok. Agro Food IPO: The preliminary public providing of small and medium-sized enterprise M.V.Ok. Agro Food Product Ltd, which goes to be closed on Monday, has acquired over 5 instances subscription. Till 12:30 pm on the ultimate day of bidding on Monday, the Rs 65.88-crore SME IPO has acquired a 5.23 per cent subscription garnering bids for two,72,82,000 shares as towards 52,15,200 shares on provide.
The retail quota has acquired 8.74 instances subscription, whereas the non-institutional investor (NII) class has been subscribed 1.72 instances.
The value of the M.V.Ok. Agro Food IPO, which was opened for public subscription on February 29, has been fastened at Rs 120 per share.
The allotment of the IPO will happen on March 5, whereas its itemizing will happen on the NSE SME on March 7, 2024.
M.V.Ok. Agro Food IPO GMP Today
According to market observers, unlisted shares of M.V.Ok. Agro Food Product Ltd are buying and selling Rs 5 greater within the gray market as in contrast with its problem value. The Rs 5 gray market premium or GMP means the gray market is anticipating a 4.17 per cent itemizing acquire from the general public problem. The GMP is predicated on market sentiments and retains altering.
‘Grey market premium’ signifies buyers’ readiness to pay greater than the difficulty value.
M.V.Ok. Agro Food IPO Details
M.V.Ok. Agro Food IPO is fully a recent problem of 54.9 lakh shares. The value of M.V.Ok. Agro Food IPO is Rs 120 per share.
Investors can apply for no less than one lot comprising 1,200 shares. The minimal quantity of funding required by retail buyers is Rs 1,44,000. The minimal lot measurement funding for HNI is 2 heaps (2,400 shares) amounting to Rs 2,88,000.
Horizon Management Private Limited is the guide-operating lead supervisor of the M.V.Ok. Agro Food IPO, whereas Mas Services Limited is the registrar for the difficulty. The market maker for M.V.Ok. Agro Food IPO is Nikunj Stock Brokers.
