SD Retail shares to debut on NSE SME platform today: What to expect
SD Retail will debut on the NSE SME platform on Friday. Ahead of the listing, the company's shares are trading with a GMP of Rs 20 in the grey market.
This indicates a likely listing premium of 15%, compared with an issue price of Rs 131 at the upper end.
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 company intends to utilise the net proceeds of the issue to meet the capital expenditure to be incurred by the company for setting up new exclusive brand outlets (EBOs), funding working capital requirement and general corporate purpose.
The company is in the business of designing, manufacturing, outsourcing, marketing, and retailing sleepwear under the brand name "Sweet Dreams".
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