Polysil Irrigation Systems IPO Day 3: Check Subscription Status, GMP Today.
Unlisted shares of Polysil Irrigation Systems Ltd are buying and selling with zero premium within the gray market, indicating no itemizing achieve from the general public subject
Polysil Irrigation Systems IPO: The preliminary public providing of Polysil Irrigation Systems Ltd, which was opened on Thursday, February 8, is witnessing the third day of bidding on Thursday. Till 4:30 pm on the third day of bidding on Monday, the IPO acquired 4.02 occasions subscription, garnering bids for 1,23,08,000 shares as towards 30,64,000 shares on provide.
The Rs 17.44-crore SME IPO can be closed on Tuesday, February 13.
The retail class has acquired 5.68 occasions subscription and the non-institutional quota obtained 0.64 occasions subscription.
The allotment of Polysil Irrigation Systems IPO will happen on February 14, whereas its itemizing will happen on the NSE SME on February 16, 2024.
Polysil Irrigation Systems IPO GMP Today
According to market observers, unlisted shares of Polysil Irrigation Systems Ltd are buying and selling with zero premium within the gray market. The zero gray market premium or GMP means the gray market is anticipating no itemizing achieve from the general public subject. The GMP is predicated on market sentiments and retains altering.
‘Grey market premium’ signifies traders’ readiness to pay greater than the difficulty worth.
Polysil Irrigation Systems IPO Details
The Polysil Irrigation Systems IPO is a mix of a contemporary subject of 14.44 lakh shares aggregating to Rs 7.80 crores and a proposal on the market of 17.85 lakh shares aggregating to Rs 9.64 crore.
The worth band of the Polysil Irrigation Systems IPO has been fastened at Rs 54 per share. The minimal lot measurement for an utility is 2,000 shares. The minimal quantity of funding required by retail traders is Rs 1,08,000. The minimal lot measurement funding for HNI is 2 heaps (4,000 shares) amounting to Rs 2,16,000.
Fedex Securities Pvt Ltd is the guide operating lead supervisor of the Polysil Irrigation Systems IPO, whereas Bigshare Services Pvt Ltd is the registrar for the difficulty. The market maker for Polysil Irrigation Systems IPO is Market-Hub Stock Broking.
