Greenhitech Ventures share price lists with stellar gains of 90% ,at ₹95 a piece on the BSE SME
₹95, indicating strong 90% listing gains for the Investors The IPO had opened for subscription on 12 April, 2024 and closed on 16 April, 2024. The Investors had been anticipating strong opening and significant listing gains as was evident from Grey Market premium and subscription numbers. Greenhitech Ventures IPO subscription was subscribed 769.95 times by day 3.
The subscription status for retail portion stood at strong 597.41 times, while NII portion was subscribed 921.60 times. Also Read-Upcoming IPOs: JNK India, Varyaa Creations and two other SME public issues scheduled for this week The grey market premium, or GMP, for Greenhitech Ventures' IPO stood at +42 according to investorgain.com. This showed that the price of Greenhitech Ventures shares were selling at a premium of ₹42 in the Grey market.
Assuming the upper end of the IPO pricing range and the present premium on the gray market taken into account, Greenhitech Ventures anticipated that its IPO listing price was expected at ₹92 per share, 84% more than the IPO price of ₹50. A "grey market premium" denotes the willingness of investors to part with more money than the issue price. The price Band of Greenhitech Ventures IPO was set at ₹50 for each share having a face value of ₹10 .
Investors had to make minimum bid for 3000 shares and multiple thereafter. Also Read- Vodafone Idea FPO: Share price above GMP. What subscription status signal as bidding for ₹18,000 crore FPO ends today? Depending on their needs, Greenhitech Ventures provides a range of petroleum-based goods to various industrial groupings.
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