Baweja Studios IPO: Issue subscribed 21% so far on day 1; check GMP, other key details of SME IPO
₹25 per share. This indicates that the Baweja Studios shares were trading at a premium of 13.89% at ₹205 apiece on the GMP, as compared to its issue price of ₹180 per share. Also Read: IPO Frenzy: 16 companies hit Dalal Street in January with 6 more set to list; a look at top performers Baweja Studios IPO has been subscribed 21% so far on the first day as the issue received bids for 10.27 lakh equity shares as against 47.85 lakh shares on the offer, as per data available till 3:00 pm.
The public issue has been subscribed 0.35 times in the retail category, and 0.10 times in the Non-Institutional Investors’ (NII) so far. (Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Baweja Studios IPO commenced for subscription on January 29 and will conclude on February 1. Baweja Studios IPO size is ₹97.20 crore which is a combination of fresh issue of 40 lakh equity shares aggregating to ₹72 crore and offer for sale (OFS) of 14 lakh shares aggregating to ₹25.20 crore.
The IPO price band is set at ₹170 to ₹180 per share. The IPO lot size is 800 shares and the minimum investment amount required by retail investors is ₹144,000. The company has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors.
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