Thaai Casting IPO: Check Subscription Status, GMP Today.
Unlisted shares of Thaai Casting Ltd are buying and selling Rs 65 increased within the gray market, which is 84.42 per cent itemizing acquire from the general public concern
Thaai Casting IPO: The preliminary public providing of automotive ancillary firm Thaai Casting Ltd, which was opened for public subscription on Thursday, February 15, has obtained a optimistic response from traders. Till 11:38 am on the second day of bidding on Friday, the Rs 47.20-crore SME IPO obtained 5.73 occasions subscription, garnering bids for two,31,92,000 shares as towards 40,48,000 shares on supply.
The IPO will stay open until February 20.
The retail class has obtained 9.47 occasions subscription and the non-institutional quota acquired 3.25 occasions subscription. The certified institutional purchaser (QIB) class has obtained 1.04 occasions subscription.
The allotment of Thaai Casting IPO will happen on February 21, whereas its itemizing will happen on each NSE SME on February 23, 2024.
Thaai Casting IPO GMP Today
According to market observers, unlisted shares of Thaai Casting Ltd are buying and selling Rs 65 increased within the gray market as in contrast with its concern worth. The Rs 65 gray market premium or GMP means the gray market is anticipating an 84.42 per cent itemizing acquire from the general public concern. The GMP relies on market sentiments and retains altering.
‘Grey market premium’ signifies traders’ readiness to pay greater than the difficulty worth.
Thaai Casting IPO Details
Thaai Casting IPO is fully a contemporary concern of 61.3 lakh shares. The worth band of the IPO has been fastened at Rs 73 to Rs 77 per share. The minimal lot dimension for an software is 1,600 shares.
The minimal quantity of funding required by retail traders is Rs 1,23,200. The minimal lot dimension funding for HNI is 2 tons (3,200 shares) amounting to Rs 2,46,400.
GYR Capital Advisors Private Limited is the ebook working lead supervisor of the Thaai Casting IPO, whereas Purva Sharegistry India Pvt Ltd is the registrar for the difficulty. The market maker for Thaai Casting IPO are Giriraj Stock Broking and Commodity Mandi.
