CPS Shapers IPO: Check GMP, subscription status on day 2, other key details to know

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₹70 per share. This indicates CPS Shapers share price were trading at a premium of ₹70 in the grey market today, according to topsharebrokers.com. Considering the IPO price band and the current premium in the grey market, the estimated listing price of CPS Shapers share is ₹255 apiece, which is 37.84% higher than the IPO price.

Also Read: Aeroflex Industries IPO: What does GMP signal ahead of listing tomorrow? Check here CPS Shapers IPO subscription will close on Thursday, August 31. The IPO is an SME IPO and the company aims to raise ₹11.10 crore from the issue. CPS Shapers IPO price band is fixed at ₹185 per equity share.

The lot size is 600 equity shares and bids can be made in multiples thereafter. The minimum investment amount required by retail investors is ₹111,000. The public offer consists of fresh issue of 6,00,000 equity shares aggregating to ₹11.10 crore.

There's no offer for sale (OFS) component. According to the company's Red Herring Prospectus (RHP), it plans to use the gross proceeds to upgrade their existing IT software at their existing manufacturing facility and registered office, buy plant and machinery for their existing manufacturing facility, buy a commercial vehicle, fund capital expenditures for the purchase of a solar power system by our company, and repay or prepay, in full or in part, borrowings that their company has accessed. C P S Shapers SME IPO's lead manager is Shreni Shares Ltd, and the registrar is Bigshare Services Private Ltd.