WTI Cabs IPO: Check Subscription Status, GMP Today.
Unlisted shares of Wise Travel India Ltd are buying and selling Rs 76 larger within the gray market, which is a 51.7 per cent itemizing acquire from the general public challenge
WTI Cabs IPO: The preliminary public providing of Wise Travel India (WTI), which goes to be closed on Wednesday, February 14, has acquired good response from traders. Till 11:32 am on the ultimate day of bidding on Wednesday, the IPO acquired 26.67 occasions subscription, garnering bids for 11,24,78,000 shares as towards 42,18,000 shares on supply.
The Rs 94.68-crore SME IPO was opened for public subscription on Monday, February 12.
The retail class has acquired 34.16 occasions subscription and the non-institutional quota obtained 36.78 occasions subscription. The QIB class acquired 7.05 occasions subscription.
The allotment of WTI Cabs IPO will happen on February 15, whereas its itemizing will happen on the NSE SME on February 19, 2024.
WTI Cabs IPO GMP Today
According to market observers, unlisted shares of Wise Travel India Ltd are buying and selling Rs 76 larger within the gray market as in contrast with its challenge value. The Rs 76 gray market premium or GMP means the gray market is anticipating a 51.7 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 value.
WTI Cabs IPO Details
WTI Cabs IPO is completely a contemporary challenge of 64.41 lakh shares. The value band of the SME IPO has been mounted at Rs 140 to Rs 147 per share. The minimal lot measurement for an software is 1,000 shares. The minimal quantity of funding required by retail traders is Rs 1,47,000. The minimal lot measurement funding for HNI is 2 tons (2,000 shares) amounting to Rs 2,94,000.
Share India Capital Services Private Limited is the guide operating lead supervisor of the WTI Cabs IPO, whereas Beetal Financial & Computer Services (P) Limited is the registrar for the problem. The market maker for WTI Cabs IPO is Share India Securities.
