Also Read: Manoj Vaibhav Gems IPO: Bidding ends today. GMP, subscription status, apply or not? Manoj Vaibhav Gems IPO GMP today, or grey market premium today, is ₹12 per share, as per market observers. This indicates that Manoj Vaibhav Gems shares are trading higher by ₹12 than their issue price, in the grey market.
The GMP data shows a premium of mere 5.5% to the issue price. The latest GMP and the issue price signals that the estimated listing price of Manoj Vaibhav Gems shares could be ₹227 apiece on the stock exchanges BSE and NSE. Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! Manoj Vaibhav Gems IPO price band has been fixed at ₹204 to ₹215 per equity share.
The total IPO size is 1.25 crore equity shares worth ₹270.20 crore, which comprises a fresh issue of 97.67 lakh shares aggregating to ₹210.00 crore and an offer for sale of 28 lakh shares aggregating to ₹60.20 crore. The lot size is 69 shares and the minimum investment amount required by retail investors is ₹14,835. Also Read: Goyal Salt IPO: Price band, subscription status, GMP, other key details as SME issue opens The IPO of the south Indian jeweller opened for subscription on September 22 and will close for bidding today, September 26.
The company has already raised ₹81.06 crore from anchor investors on September 21 ahead of the IPO opening. It has allocated 37.70 lakh shares to the anchor investors. Bajaj Capital Ltd and Elara Capital (India) Pvt Ltd are the book running lead managers for the IPO while Bigshare Services Pvt Ltd is the official IPO registrar.
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