Today is Kaushalya Logistics’ IPO Closing; Check GMP Today! Over 194 Times Subscription Received Thus Far
Kaushalya Logistics IPO: Investors have responded to Kaushalya Logistics Limited’s initial public offering (IPO) with great enthusiasm so far. The sale will close on Wednesday, January 3. The SME IPO got a staggering 194.88 times subscription up to 11:57 am on the last day of bidding on Wednesday, resulting in offers for 64,36,64,000 shares as opposed to 33,02,800 shares.
On December 29, the public may sign up for the Rs 36.6-crore initial public offering. On January 4, the shares will be finalized, and on January 8, they will be listed.
The category designated for non-institutional investors obtained 335.01 subscriptions till 11:57 am on January 3, whilst the quota for retail individual investors (RIIs) garnered 245.10 subscriptions. 12.57 subscriptions were obtained by the QIB category.
IPO GMP for Kaushalya Logistics Today
Market watchers report that unlisted shares of Kaushalya Logistics Limited are now selling on the grey market for Rs 60 more than the company’s issue price. The grey market anticipates an 80% listing gain from the public offering, as indicated by the Rs 60 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.”
Details about Kaushalya Logistics’ IPO
The pricing range for the Kaushalya Logistics IPO is Rs 71 to Rs 75 per share. A minimum of 1,600 shares is required for an application lot size. Retail investors are needed to invest a minimum of Rs 1,20,000. For HNIs, the minimum lot size investment is two lots (3,200 shares), or Rs 2,40,000.
The registrar for the Kaushalya Logistics IPO is Skyline Financial Services Private Ltd, while the book-running lead manager is Khandwala Securities Limited. The Nikunj Stock Brokers is the market maker for the IPO of Kaushalya Logistics.
