Kody Technolab IPO opens: Check price band, latest GMP, subscription status, other key details of SME IPO

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₹27.52 crore. Kody Technolab IPO price band has been fixed at ₹160 per share. The IPO lot size is ₹800 shares and the minimum investment amount required for retail investors is ₹128,000.

Also Read: Yatra online IPO versus RR Kabel IPO versus SAMHI Hotels IPO versus Zaggle IPO: Which one should you buy? The company is likely to finalise the basis of share allotment on September 25 and initiate refunds on September 26, while it will credit the shares in the demat accounts of eligible allottees on September 27. Kody Technolab IPO listing is expected to take place on September 28 at NSE SME. Beeline Capital Advisors Pvt Ltd is the book running lead manager for Kody Technolab IPO, while Kfin Technologies is the IPO registrar.

Kody Technolab IPO has been subscribed 60% so far on Friday, the first day of the bidding process. The public issue received bids for 9.83 lakh equity shares as against 16.33 lakh shares on the offer, as per data available till 3:05 pm. The public issue has been subscribed 1.10 times in the retail category and 0.10 times in the Non-Institutional Investors' (NII) category.

Also Read: Kundan Edifice IPO: GMP, subscription status on day 4, other key details to know Kody Technolab IPO GMP today, or grey market premium today, is ₹45 per share. This means Kody Technolab shares are trading at a premium of ₹45 apiece in the grey market. Considering the latest GMP today and the IPO price, Kody Technolab shares are estimated to list at ₹205 apiece, which is a premium of 28.12% to the issue price.Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!