Interiors and More IPO Day 2: Check subscription status, GMP and other details
Kalahridhaan Trendz IPO: Check GMP, subscription status on day 2, other key details to know The SME IPO raised over ₹11.94 crore from anchor investors on February 14, a day before it opened for subscription. Interiors & More Limited trades, imports, and sells artificial flowers. The company manufactures and trades quality artificial flowers, plants, and decor items for homes and offices.
The manufacturing facility, which is fully furnished with all the necessary tools for production, test equipment for quality control, and additional handling supplies to enable efficient assembly and simple logistics, is located in Gujarat. The Interiors and More IPO got a tepid response from investors, received 6,00,000 shares against offered 13,24,200 on the second day of issue, as per data by NSE. Also read: Esconet Technologies IPO: Issue subscribed 4.4 times so far on day 1; check GMP, other key details of SME IPO The retail category received 4,36,200 applications against offered 6,15,600 applications.
Meanwhile, QIB portion remained unsubscribed and NII category received 1,63,800 shares. Interiors and More IPO price band is set at ₹216 to ₹227 per share. Investors can bid for a minimum of 600 shares and in multiples thereof.
The minimum amount of investment required by retail investors is ₹136,200. The minimum lot size investment for HNI is 2 lots (1,200 shares) amounting to ₹272,400. It is a book built issue of ₹42.00 crores.
The issue is entirely a fresh issue of 18.5 lakh shares. The allotment for the Interiors and More IPO is expected to be finalized on Wednesday, February 21, 2024. The SME IPO will list on NSE SME with tentative listing date fixed as Friday, February 23, 2024.
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