Home Business Sheetal Universal IPO: Check GMP, Listing Date, Allotment Date, Lot Size, And Extra

Sheetal Universal IPO: Check GMP, Listing Date, Allotment Date, Lot Size, And Extra

Sheetal Universal IPO: Check GMP, Listing Date, Allotment Date, Lot Size, And Extra

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New Delhi: The Sheetal Universal Ltd Initial Public Offering (IPO), open for public subscription since Monday, is about to shut on Wednesday, December 6. As of 10:19 am on the ultimate bidding day, the SME IPO has garnered vital curiosity, reaching a subscription charge of 25.60 occasions, with bids obtained for 8,26,40,000 shares towards the out there 32,28,000 shares.

Category-wise Subscription

The non-institutional traders’ class has proven notable curiosity, recording a subscription charge of 17.26 occasions. Meanwhile, retail particular person traders (RIIs) have displayed overwhelming enthusiasm, subscribing at a powerful charge of 29.92 occasions. (Also Read: ‘Mummy Bahu Mil Gayi Hai, Profile Delete Kar Raha Hu;’ Shaadi.Com CEO Responds To Hillarious Banter Saying ‘Dhanda Band Karwaoge Kya’)

Previous Subscription Trends

On the second day of bidding (Tuesday), the SME IPO witnessed a subscription charge of 20.54 occasions, indicating a constructive pattern main as much as the closing day. (Also Read: Banks Will Open Five Days In A Week? Check What Banking Association Has Demanded)

Issue Details and Pricing

The Sheetal Universal SME IPO, valued at Rs 23.80 crore, has a set value of Rs 70 per share. The IPO includes a recent situation of 32,28,000 fairness shares with a face worth of Rs 10 every.

Grey Market Premium (GMP) Trends

Market observers notice that unlisted shares of Sheetal Universal Ltd are buying and selling Rs 12 increased within the gray market in comparison with the problem value. This Rs 12 gray market premium suggests an anticipated 17.14 p.c itemizing achieve from the general public situation. It’s important to notice that GMP is topic to market sentiments and should fluctuate.

Net Avenue Technologies IPO: Listing Date And Allotment Date

The Net Avenue Technologies IPO is scheduled for itemizing on NSE SME on December 9, with share allotment prone to happen on December 7.

Net Avenue Technologies IPO: Lot Size

For potential traders, the minimal lot measurement for making use of to the IPO is 2,000 shares, requiring a minimal funding of Rs 1,40,000 for retail traders. High Net Worth Individuals (HNI) has a minimal lot measurement funding of two heaps (4,000 shares), amounting to Rs 2,80,000.

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Content Source: zeenews.india.com

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