Thaai Casting IPO: Check Subscription Status, GMP Today.
Unlisted shares of Thaai Casting Ltd are buying and selling Rs 74 larger within the gray market, which signifies a 96.1 per cent itemizing achieve from the general public concern
Thaai Casting IPO: The preliminary public providing of automotive ancillary firm Thaai Casting Ltd, which can be closed on Tuesday, February 20, has obtained a good response from traders. Till 10:36 am on the third day of bidding on Monday, February 19, the Rs 47.20-crore SME IPO obtained 28.19 instances subscription, garnering bids for 11,40,99,200 shares as in opposition to 40,48,000 shares on provide.
The IPO was opened for public subscription on Thursday, February 15.
The retail class has obtained 42.92 instances subscription and the non-institutional quota acquired 26.65 instances subscription. The certified institutional purchaser (QIB) class has obtained 3.55 instances subscription.
The allotment of Thaai Casting IPO will happen on February 21, whereas its itemizing will happen on the 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 74 larger within the gray market as in contrast with its concern worth. The Rs 74 gray market premium or GMP means the gray market is anticipating an 96.1 per cent itemizing achieve from the general public concern. The GMP is predicated on market sentiments and retains altering.
‘Grey market premium’ signifies traders’ readiness to pay greater than the problem worth.
Thaai Casting IPO Details
Thaai Casting IPO is solely a recent concern of 61.3 lakh shares. The worth band of the IPO has been mounted 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 problem. The market maker for Thaai Casting IPO are Giriraj Stock Broking and Commodity Mandi.
