Piotex Industries IPO Day 2: Issue booked 3.2 times so far; check GMP, subscription status, other key details of SME IPO

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₹14.47 crore from the primary market. Piotex Industries IPO is an SME IPO and a fixed price issue. Also Read: Silkflex Polymers IPO allotment likely to be out today. Latest GMP, steps to check status Let us check Piotex Industries IPO GMP, subscription status and other key details.

Piotex Industries IPO has been subscribed 3.22 times so far on Monday, the second day of the bidding process. The issue received bids for 47.04 lakh equity shares as against 14.61 lakh shares offered, as per data available till 4:00 pm. The IPO has been subscribed 5.00 times in the retail category and 1.36 times in the Non-Institutional Investors (NII) category so far.

Also Read: Indegene share price makes a bumper debut, stock opens with 45% premium at ₹655 on NSE Piotex Industries IPO GMP today is ₹20 per share, as per market observers. This indicates that Piotex Industries shares are trading at a premium of 21.28% at ₹114 apiece in the grey market as against its IPO price of ₹94 per share. The bidding for Piotex Industries IPO began on Friday, May 10 and will conclude on Tuesday, May 14.

The IPO allotment is likely to be finalized on May 15 and the equity shares of Piotex Industries Ltd will list on BSE SME on May 17. Piotex Industries IPO price band is fixed at ₹94 per share and the company intends to raise ₹14.47 crore from the IPO which is entirely a fresh issue of 15.4 lakh shares. Also Read: TGIF Agribusiness IPO allotment to be out today; latest GMP, steps to check status The IPO lot size is 1,200 shares and the minimum investment amount required by retail investors is ₹112,800.