NSE SME platform later today. If the GMP trends are taken into account, the stock is likely to see a healthy listing.
Currently, Sat Kartar Shopping GMP is around Rs 40 and compared with the IPO price of Rs 81, this is a premium of 49%.
However, it is important to note that grey market premiums are just an indicator as to how the company's shares are stacked up in the unlisted market and are subject to change rapidly.
The IPO, which was completely a fresh equity sale of 41.76 lakh shares, was subscribed over 300 times at close. This was mainly driven by heavy bidding from non-institutional investors, whose category was booked over 800 times.
The company offers Ayurveda healthcare solutions in the areas of therapeutic and lifestyle products. The company combines traditional Ayurvedic practices with modern research to empower individuals to adopt healthier lifestyles.
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