Jay Kailash Namkeen IPO: Issue subscribed over 1.46 times on day 1, check GMP and other key details
Vijay Kedia backed TAC Infosec IPO continues to see strong demand from retail, NIIs on day 2; check GMP, other details The Jay Kailash Namkeen IPO is an entirely a fresh issue of 16.34 lakh shares, with 464,000 shares (28.40%) allocated to Qualified Institutional Buyers (QIB), 310,400 shares (19.00%) allocated to Non-Institutional Investors (NII), and 776,000 shares (47.50%) allocated to Retail Individual Investors (RII). The Jay Kailash Namkeen IPO was subscribed over 1.46 times on the first day of subscription. The SME IPO received 23,77,600 share application against offered 16,33,600 shares, on Thursday, March 28.
The retail category was subscribed 1.87 times, received 14,54,400 shares against offered 7,76,000 shares. Meanwhile, QIB and NII were subscribed 0.89 times and 1.30 times, respectively. Also read: Creative Graphics Solutions IPO: Check GMP, subscription status on day 1, other key details to know QIB section received 4,11,200 applications against allocated 4,64,000 shares, whereas, NII received 5,12,000 shares against allocated 3,93,600 share applications, on the first day of bidding.
The Jay Kailash Namkeen IPO is a book-built offering valued at ₹11.93 crores. This issuance comprises solely of 16.34 lakh newly issued shares. The price band for the Jay Kailash Namkeen IPO has been fixed at ₹70 to ₹73 per share.
Allocation for the IPO is anticipated to be confirmed by Thursday, April 4, 2024. Jay Kailash Namkeen IPO is scheduled to be listed on BSE SME, with a tentative listing date set for Monday, April 8, 2024. Investors have the option to bid for a minimum of 1600 shares, with the opportunity to increase their bid in multiples of this amount.
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