Kabra Jewels IPO subscribed over 296 times on Day 3 so far. Check GMP, price band and other details
The company aims to raise Rs 40 crore entirely through a fresh issue of 31.25 lakh shares, and its stock will get listed on the NSE SME platform on January 22.
The retail portion of the issue was subscribed 328.14 times, while the issue was subscribed 433.19 times in the non-institutional investors’ category on the final day of bidding. Meanwhile, the qualified institutional buyers had subscribed 138.02 times.
Kabra Jewels IPO’s GMP on Day 3
Ahead of listing, the company's shares were trading with a GMP of Rs 115 in the unlisted market on Friday, indicating a premium of over 89% over the upper end of the IPO price band of Rs 128.
Kabra Jewels IPO size
The IPO is completely a fresh equity sale of 31.25 lakh shares and through the issue, the company plans to raise Rs 40 crore.
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