Sunil Singhania-backed Cellecor Gadgets IPO closes today. Latest GMP, subscription status, other details
Cellecor Gadgets IPO: The initial public offering of Cellecor Gadgets Limited opened for subscription on 15thn September 2023 and it will remain open for bidders till 20th September 2023. So, Cellecor Gadgets IPO subscription is going to end today and hence investors have just few hours in hand to apply for this Sunil Singhania-backed SME issue. Sunil Singhania-owned Abakkus Asset Manager is an investment manager of India Ahead Venture Trust, which is one of the anchor investors of the public offer.
The book build issue has been price in ₹87 to ₹92 per equity share range and its shares are available in grey market at a premium of ₹60 in grey market today. According to market observers, Cellecor Gadgets IPO grey market premium (GMP) today is ₹60, which is steady since weekend. They said that Cellecor Gadgets IPO GMP at ₹60 is a good sign despite weakness in secondary market today.
They said that since opening of the public offer, Cellecor Gadgets IPO GMP has almost doubled after rising from ₹33 to ₹60 per share. They expected further risen in the sentiments as investors of big repute like Sunil Singhania has shown faith in this public issue, which is proposed for listing on NSE SEM exchange. On what this GMP mean, market observers said, Cellecor Gadgets IPO GMP today is ₹60, which means grey market is expecting that Cellecor Gadgets IPO listing price would be around ₹152 ( ₹92 + ₹60), which is more than 65 per cent from Cellecor Gadgets IPO price band of ₹87 to ₹92 apiece.
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