Check the subscription status and GMP today when the Italian Edibles IPO closes today
Italian Edibles IPO: Investors have responded overwhelmingly to Italian Edibles Ltd.’s initial public offering, which is scheduled to conclude on Wednesday, February 7. The IPO got 37.19 times the subscription up to 10:12 am on the last day of bidding on Wednesday, resulting in offers for 13,83,42,000 shares as opposed to the 37,20,000 shares that were on sale.
Public registration for the Rs 26.66-crore SME IPO began on February 2.
Thus far, subscriptions have been received 56.96 times for the retail category and 17.32 times for the non-institutional investor (NII) category quota.
On February 8, Italian Edibles IPO will be allotted, and on February 12, 2024, it will be listed on the NSE SME.
IPO GMP for Italian Edibles Today
Market watchers report that unlisted shares of Italian Edibles Ltd. are selling on the grey market for Rs. 15 more than the company’s issue price. The grey market anticipates a 22.06 percent listing gain from the public offering, as indicated by the Rs 15 grey market premium, or GMP. The GMP is dynamic and dependent on market mood.
The willingness of investors to pay above the issue price is shown by the “grey market premium.”
Italian Foods IPO Specifics
39.2 lakh shares are being issued fully fresh in the Italian Edibles IPO. The Italian Edibles initial public offering (IPO) has a set price of Rs 68 per share.
A minimum of 2,000 shares is required for an application lot size. Retail investors are needed to invest a minimum of Rs 1,36,000. For HNIs, the minimum lot size investment is two lots (4,000 shares), or Rs 2,72,000.
Bigshare Services Pvt Ltd is the registrant for the Italian Edibles IPO, while First Overseas Capital Limited is the book-running lead manager. The Italian Edibles IPO market maker is Nikunj Stock Brokers.
