Khazanchi Jewellers IPO: GMP, subscription status on day 5, and other key details
₹140 per equity share and the share will be listed on the BSE SME exchange Monday, August 7. Khazanchi Jewellers IPO, which is worth ₹96.74 crore, is completely a fresh issue; there is no offer for sale (OFS) component. The company plans to use the net proceeds from the offering to fund the following goals, including (a) capital expenditures for the new showroom, (b) inventory costs for the new showroom, to meet the increased working capital needs of the current operations, and (c) general corporate purposes.
The new showroom will be located in Chennai, Tamil Nadu. The Khazanchi Jewellers SME IPO share allotment will take place on Monday, 31 July. Those allotted shares will get them in their Demat accounts on Friday, 4 August.
The refund process for those who did not get shares will begin on Thursday, 3 August. Khazanchi Jewellers IPO: GMP, subscription status, other details in 10 points Khazanchi Jewellers IPO was subscribed 1.26 times on day 5 so far. The issue received decent response from retail investors who's portion set was subscribed 77%, while non-institutional buyers who's portion set was subscribed 1.74 times, at 16:20 IST, according to data on chittorgarh.com.
The company has received bids for 82,62,000 shares against 6,910,000 shares on offer, according to data on chittorgarh.com. Khazanchi Jewellers IPO subscription status on day 1 saw 19% subscription, on day 2 the issue was subscribed 56%, on day 3 Khazanchi Jewellers IPO was subcribed 78%, and on day 4 the issue was subscribed 97%. Khazanchi Jewellers IPO GMP or grey market premium is +2.
Read more on livemint.com
