Thaai Casting IPO: Know Allotment Status, GMP Today, Listing Date.
Unlisted shares of automotive ancillary firm Thaai Casting Ltd are buying and selling Rs 80 larger within the gray market, anticipating a 103.9 per cent itemizing acquire from the general public subject
The share allotment of the Thaai Casting IPO, which was open for subscription between February 15 and 20, has been finalised. Investors can examine their allotment standing on registrar Purva Sharegistry’s web site. The IPO goes to be listed on the NSE SME on Friday, February 23, and the GMP is suggesting an enormous acquire on the itemizing day.
The Rs 47.20-crore SME IPO obtained a whopping 375.43 instances subscription, garnering bids for 1,51,97,39,200 shares as towards 40,48,000 shares on supply. The retail class obtained 355.66 instances subscription and the non-institutional quota bought 729.72 instances subscription. The certified institutional purchaser (QIB) class obtained 144.43 instances subscription.
Thaai Casting IPO GMP Today
According to market observers, unlisted shares of automotive ancillary firm Thaai Casting Ltd are buying and selling Rs 80 larger within the gray market as in contrast with its subject value. The Rs 80 gray market premium or GMP means the gray market is anticipating a 103.9 per cent itemizing acquire from the general public subject. The GMP relies on market sentiments and retains altering.
‘Grey market premium’ signifies traders’ readiness to pay greater than the problem value.
Thaai Casting IPO: How to Check Allotment Status
Investors can now examine their IPO allotment right here:
Step 1: Visit https://www.purvashare.com/investor-service/ipo-query
Step 2: Select the corporate ‘Thaai Casting Ltd’
Step 3: Enter ‘PAN Number’ or ‘Application Number’.
Step 5: Enter ‘Search’ button.
You will now get the standing of your IPO allotment.
Thaai Casting IPO Details
Thaai Casting IPO was totally a recent subject of 61.3 lakh shares. The value band of the IPO was fastened at Rs 73 to Rs 77 per share. The minimal lot measurement for an software was 1,600 shares.
The minimal quantity of funding required by retail traders was Rs 1,23,200. The minimal lot measurement funding for HNI was 2 heaps (3,200 shares) amounting to Rs 2,46,400.
GYR Capital Advisors Private Limited is the guide operating 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.
