Check GMP of Sheetal Universal IPO.
Unlisted shares of Sheetal Universal proceed to commerce Rs 12 larger within the gray market, which is 17.14% itemizing achieve from the general public challenge
Sheetal Universal IPO: The preliminary public providing of Sheetal Universal Ltd, which acquired a whopping 179.20 subscription between December 4 and December 6, goes to be listed on the NSE SME on Monday, December 11. The Rs 23.80-crore IPO share allotment has been finalised.
The value of the Sheetal Universal SME IPO was fastened at Rs 70 a share. The class meant for non-institutional traders acquired 212.55 instances subscription, whereas the quota for retail particular person traders (RIIs) acquired subscribed a whopping 129.73 instances.
Sheetal Universal IPO GMP Today
According to market observers, unlisted shares of Sheetal Universal Ltd proceed to commerce Rs 12 larger within the gray market as in contrast with its challenge value. The Rs 12 gray market premium or GMP means the gray market is anticipating a 17.14 per cent itemizing achieve 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 value.
Sheetal Universal IPO: How to Check Allotment Status
Investors can now test their IPO allotment right here:
Step 1: Visit https://ipo.bigshareonline.com/IPO_Status.html
Step 2: Select the corporate ‘Sheetal Universal Limited’
Step 3: In ‘Selection Type’, select one choice from ‘PAN Number’, ‘Beneficiary ID’ and ‘Application Number’.
Step 4: Provide related particulars of the choice chosen in Step 3.
Step 5: Enter Captcha and hit ‘Search’ button.
You will now get the standing of your IPO allotment.
Sheetal Universal IPO Details
The IPO comprised a recent challenge of 32,28,000 fairness shares for public subscription with a face worth of Rs 10 every. The firm fastened the value band at Rs 70 per fairness share for the IPO.
For traders, the minimal lot measurement to use for the IPO was 2,000 shares. The minimal quantity of funding required by retail traders was Rs 1,40,000. The minimal lot measurement funding for HNI was 2 tons (4,000 shares) amounting to Rs 2,80,000.
The proceeds from the problem might be utilised in the direction of funding capital expenditure, working capital requirement, basic company goal, and to fulfill public challenge bills.
Beeline Capital Advisors Pvt Ltd is the e-book-working lead supervisor of the Sheetal Universal IPO, whereas Bigshare Services Pvt Ltd is the registrar for the problem. The market maker for Sheetal Universal IPO is Spread X Securities.
The firm’s income in FY23 stood at Rs 131.65 crore, whereas the revenue after tax was Rs 1.98 crore.
