Medicamen Organics IPO: Issue subscribed over 40 times on day 1; check subscription status, GMP and other details
₹10.54 crore. The offering consists entirely of a fresh issue of 31 lakh shares.
The IPO will be open for subscription from June 21, 2024, to June 25, 2024.The price band of the SME IPO has been set ₹32 to ₹34 per share. The minimum lot size for an application is 4,000 shares, requiring a minimum investment of ₹136,000 from retail investors.GYR Capital Advisors Private Limited is the book running lead manager for the Medicamen Organics IPO, with Kfin Technologies Limited serving as the registrar.
Giriraj Stock Broking is the market maker for the Medicamen Organics IPO.Medicamen Organics IPO GMP today is +50. This indicates Medicamen Organics share price were trading at a premium of ₹50 in the grey market, according to investorgain.com.Considering the upper end of the IPO price band and the current premium in the grey market, Medicamen Organics IPO expected listing price was indicated at ₹84 apiece, which is 147.06% higher than the IPO price of ₹34.'Grey market premium' indicates investors' readiness to pay more than the issue price.Milestone Alert!
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