Purv Flexipack IPO Day 2: Check Subscription Status, GMP Today.
Unlisted shares of Purv Flexipack Ltd are buying and selling Rs 110 increased within the gray market, anticipating a 154.93 per cent itemizing achieve from the general public difficulty
Purv Flexipack IPO: The preliminary public providing of Purv Flexipack Ltd, which was opened on Tuesday, has obtained an awesome response from buyers. Till 11:44 am on the second day of bidding on Wednesday, February 28, the Rs 40.21-crore SME IPO obtained 79.87 occasions subscription, garnering bids for 30,33,93,600 shares as in opposition to 37,98,400 shares on provide.
The Purv Flexipack IPO can be closed on Thursday, February 29, 2024. The worth band of the IPO has been fastened at Rs 70 to Rs 71 per share.
The retail class has obtained 129.77 occasions subscription and the non-institutional quota obtained 66.84 occasions subscription. The QIB quota has been subscribed 0.24 occasions.
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 increased within the gray market as in contrast with its difficulty worth. 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 difficulty. The GMP relies on market sentiments and retains altering.
‘Grey market premium’ signifies buyers’ readiness to pay greater than the problem worth.
Purv Flexipack IPO Details
Purv Flexipack IPO is fully a contemporary difficulty of 56.64 lakh shares. The worth band of the SME IPO has been fastened at Rs 70 to Rs 71 per share.
The minimal lot measurement for an utility is 1600 shares. The minimal quantity of funding required by retail buyers is Rs 1,13,600. The minimal lot measurement funding for HNI is 2 tons (3,200 shares) amounting to Rs 2,27,200.
Holani Consultants Private Limited is the ebook operating lead supervisor of the Purv Flexipack IPO, whereas Link Intime India Private Ltd is the registrar for the problem. 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 yr ending with March 31, 2023 and March 31, 2022.
