Sadhav Shipping IPO: Check Subscription Status, GMP Today.
Unlisted shares of Sadhav Shipping Ltd are buying and selling Rs 31 larger within the gray market, anticipating a 32.63 per cent itemizing acquire from the general public challenge
Sadhav Shipping IPO: The preliminary public providing of Sadhav Shipping Ltd, which has been closed on Tuesday, February 27, has obtained a good response from traders. Till 4:32 pm on the ultimate day of bidding on Tuesday, the Rs 38.18-crore SME IPO obtained 134.98 occasions subscription, garnering bids for 51,50,96,400 shares as in opposition to 38,16,000 shares on supply.
The Sadhav Shipping IPO was opened for public subscription on February 23, 2024.
The retail class has obtained 64.14 occasions subscription and the non-institutional quota obtained 184.55 occasions subscription.
The allotment of the Sadhav Shipping IPO will happen on February 28, whereas its itemizing will happen on each NSE SME on March 1, 2024.
Sadhav Shipping IPO GMP Today
According to market observers, unlisted shares of Sadhav Shipping Ltd are buying and selling Rs 31 larger within the gray market as in contrast with its challenge worth. The Rs 31 gray market premium or GMP means the gray market is anticipating a 32.63 per cent itemizing acquire from the general public challenge. The GMP is predicated on market sentiments and retains altering.
‘Grey market premium’ signifies traders’ readiness to pay greater than the problem worth.
Sadhav Shipping IPO Details
The Sadhav Shipping IPO is solely a recent challenge of 40.19 lakh shares. The worth band of the IPO worth has been mounted at Rs 95 per share.
The minimal lot dimension for an utility is 1,200 shares. The minimal quantity of funding required by retail traders is Rs 1,14,000. The minimal lot dimension funding for HNI is 2 heaps (2,400 shares) amounting to Rs 2,28,000.
Isk Advisors Pvt Ltd is the e-book-operating lead supervisor of the Sadhav Shipping IPO, whereas Maashitla Securities Private Limited is the registrar for the problem. The market maker for Sadhav Shipping IPO is Sunflower Broking.
(The story has been up to date with the newest subscription and GMP information until 4:32 pm)
