ixigo IPO: Here's what GMP signals ahead of listing on June 18
₹29 in the grey market premium (GMP), as per investorgain.com. This indicates that Ixigo's equity shares are trading ₹29 higher than their issue price of ₹93 per share in the grey market.Also read: ixigo IPO allotment status out.
Latest GMP, how to check application status for Le Travenues Technology sharesBased on today's Ixigo IPO GMP and the issue price, the estimated listing price for Ixigo's IPO is ₹122 per share, reflecting a 31.18 per cent premium over the issue price.The Ixigo IPO received an overall subscription rate of 98.10 times. Specifically, it was oversubscribed 53.95 times in the retail category, 106.73 times in the Qualified Institutional Bidders (QIB) category, and 110.25 times in the Non-Institutional Investors (NII) category.The Ixigo IPO opened for subscription from June 10 to June 12.
The allotment of shares for the IPO has been finalized today, with the listing date scheduled for June 18.Ixigo offered its IPO at a price band of ₹88 to ₹93 per share, with a lot size of 161 shares. At the upper end of this range, the company raised ₹740.10 crore through the IPO.
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