Purv Flexipack IPO: Check Subscription Status, GMP Today.
Unlisted shares of Purv Flexipack Ltd are buying and selling Rs 110 larger within the gray market, anticipating a 154.93 per cent itemizing achieve from the general public problem
Purv Flexipack IPO: The preliminary public providing of Purv Flexipack Ltd, which goes to be closed on Thursday, February 29, has obtained an awesome response from traders. Till 12:26 pm on the ultimate day of bidding on Thursday, the Rs 40.21-crore SME IPO obtained 192.83 instances subscription, garnering bids for 73,24,40,000 shares as towards 37,98,400 shares on supply.
The Purv Flexipack IPO was opened for public subscription on Tuesday, February 27, 2024. The value band of the IPO has been fastened at Rs 70 to Rs 71 per share.
The retail class has obtained 288.42 instances subscription and the non-institutional quota obtained 199.05 instances subscription. The QIB quota has been subscribed 15.25 instances.
The allotment of the Purv Flexipack IPO will happen on March 1, whereas its itemizing will happen on the NSE SME on March 5, 2024.
Purv Flexipack IPO GMP Today
According to market observers, unlisted shares of Purv Flexipack Ltd are buying and selling Rs 110 larger within the gray market as in contrast with its problem value. The Rs 110 gray market premium or GMP means the gray market is anticipating a 154.93 per cent itemizing achieve from the general public problem. The GMP is predicated on market sentiments and retains altering.
‘Grey market premium’ signifies traders’ readiness to pay greater than the difficulty value.
Purv Flexipack IPO Details
Purv Flexipack IPO is fully a contemporary problem of 56.64 lakh shares. The value band of the SME IPO has been fastened at Rs 70 to Rs 71 per share.
The minimal lot dimension for an utility is 1600 shares. The minimal quantity of funding required by retail traders is Rs 1,13,600. The minimal lot dimension funding for HNI is 2 tons (3,200 shares) amounting to Rs 2,27,200.
Holani Consultants Private Limited is the e-book-operating lead supervisor of the Purv Flexipack IPO, whereas Link Intime India Private Ltd is the registrar for the difficulty. The market maker for Purv Flexipack IPO is Holani Consultants.
Purv Flexipack Limited’s income elevated by 48.66 per cent and revenue after tax (PAT) rose by 31.82 per cent between the monetary 12 months ending with March 31, 2023 and March 31, 2022.
