Shri Techtex IPO: What does GMP signal after allotment?
Also Read: SBFC Finance IPO: GMP, subscription status, should you apply or not? Shri Techtex IPO plans to raise ₹45-50 crore. The company plans to use the net proceeds from the offering to pay for the following projects, including building a factory shed, starting a solar farm, buying equipment, meeting working capital needs, serving general corporate objectives, and covering public offering costs.
Shri Techtex Ltd was founded in 2011 and produces Polypropylene (PP) Non-Woven Fabric in a range of sizes and densities. The business produces Polypropylene (PP) Non-Woven Fabric, which is used for environmentally friendly applications, particularly in fields and industries where disposable or single-use products are required, like organic farming, hospitals, nursing homes, home furnishings, vehicle upholstery seat fabrication, mattress & furniture covering, environmentally friendly packaging, industrial, and consumer goods.
Also Read: Yatharth Hospital IPO: What GMP signals after announcement of share allotment Shri Techtex IPO GMP or grey market premium is +30 same as previous session. This indicates that the shares of Shri Techtex IPO share price were trading at a premium of ₹30 in the grey market on Thursday, according to topsharebrokers.com.
Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Shri Techtex IPO share price is ₹91 apiece, which is 49.18% higher than the IPO price. According to the analysts of topsharebrokers.com, today's GMP trend indicates upside and anticipates a strong listing.
So far, in the last 15 sessions the lowest GMP recorded has been ₹8, while the highest GMP recorded has been ₹40. 'Grey market premium' indicates investors'
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