Hi-Green Carbon IPO: Check latest GMP, subscription status, other key details here
₹52.80 crore worth Hi-Green Carbon IPO comprises a fresh issue of 59.9 lakh equity shares aggregating to ₹44.93 crore and an offer for sale (OFS) of 10.5 lakh shares aggregating to ₹7.88 crore. Also Read: Mangalam Alloys IPO: GMP, subscription status, review, other details in 10 points Hi-Green Carbon IPO price band is fixed at ₹71 to ₹75 per share. The IPO lot size is 1,600 shares and the minimum investment amount required by retail investors is ₹120,000.
The book running lead manager for the Hi-Green Carbon IPO is Beeline Capital Advisors Pvt Ltd, while Link Intime India Private Ltd is the IPO registrar. Hi-Green Carbon IPO has received stellar response from investors on the first day. The IPO has been subscribed 5 times so far on Thursday, the first day of the bidding process.
The public issue received bids for 2.31 crore equity shares as against 46.33 lakh shares on the offer, till 1:45 pm. The IPO has been subscribed 5.34 times in the retail category, 7.01 times in Qualified Institutional Buyers’ (QIB) category, and 1.53 times in the Non-Institutional Investors’ (NII) category so far. Also Read: Sai Silks Kalamandir IPO: Issue subscribed 12% on day 2 so far; retail portion booked 19% Hi-Green Carbon IPO GMP today, or grey market premium today, is ₹60 per share, as per market observers.
The GMP today is higher than ₹50 on September 20. The latest GMP indicates that the Hi-Green Carbon shares are trading at a premium of ₹50 apiece in the grey market. Considering the Hi-Green Carbon IPO GMP today and the issue price, Hi-Green Carbon shares’ estimated listing price would be ₹135 apiece, which is 80% premium to the issue price.
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