New Delhi: The Sheetal Universal Ltd Initial Public Offering (IPO), open for public subscription since Monday, is set to close on Wednesday, December 6. As of 10:19 am on the final bidding day, the SME IPO has garnered significant interest, reaching a subscription rate of 25.60 times, with bids received for 8,26,40,000 shares against the available 32,28,000 shares.
Category-wise Subscription
The non-institutional investors’ category has shown notable interest, recording a subscription rate of 17.26 times. Meanwhile, retail individual investors (RIIs) have displayed overwhelming enthusiasm, subscribing at an impressive rate of 29.92 times. (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 rate of 20.54 times, indicating a positive trend leading up to 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 fixed price of Rs 70 per share. The IPO comprises a fresh issue of 32,28,000 equity shares with a face value of Rs 10 each.
Grey Market Premium (GMP) Trends
Market observers note that unlisted shares of Sheetal Universal Ltd are trading Rs 12 higher in the grey market compared to the issue price. This Rs 12 grey market premium suggests an anticipated 17.14 percent listing gain from the public issue. It’s essential to note that GMP is subject to market sentiments and may fluctuate.
Net Avenue Technologies IPO: Listing Date And Allotment Date
The Net Avenue Technologies IPO is scheduled for listing on NSE SME on December 9, with share allotment likely to take place on December 7.
Net Avenue Technologies IPO: Lot Size
For prospective investors, the minimum lot size for applying to the IPO is 2,000 shares, requiring a minimum investment of Rs 1,40,000 for retail investors. High Net Worth Individuals (HNI) has a minimum lot size investment of 2 lots (4,000 shares), amounting to Rs 2,80,000.
