Shanti Spintex IPO: Issue subscribed 52% so far on day 1; retail portion booked 92%
BSE SME with a tentative listing date fixed on December 27. Also Read: India Shelter IPO allotment declared: Latest GMP, how to check status online. Share listing expected tomorrow The company plans to raise ₹31.25 crore from the IPO which is a combination of fresh issue of 26.88 lakh equity shares aggregating to ₹18.82 crore and an offer for sale (OFS) of 17.76 lakh shares aggregating to ₹12.43 crore.
Shanti Spintex IPO price band is set at ₹66 to ₹70 per share. The lot size is 2000 shares and the minimum amount of investment required by retail investors is ₹140,000. The book running lead manager of the Shanti Spintex IPO is Hem Securities, while Kfin Technologies is the IPO registrar.
(Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Shanti Spintex IPO has been subscribed 52% so far on December 19, the first day of the bidding process. The public issue received bids for 15.54 lakh equity shares as against 29.68 lakh shares on the offer, as per data available till 1:00 pm. The IPO received 92% subscription in the retail category, and 29% in the Non-Institutional Investors (NII) category so far.
Also Read: Motisons Jewellers IPO day 2 LIVE: Issue booked 30.74 times so far; check live subscription status, GMP, other details Shanti Spintex IPO GMP today, or grey market premium today, is ₹0, as per market observers. This indicates that the Shanti Spintex shares are not trading at any premium or discount in the grey market. Read all IPO-related news hereMilestone Alert!
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