Supreme Facility Management IPO: Shares to debut today. Here's what GMP indicates
shares of Supreme Facility Management will debut on the NSE SME platform on Wednesday. Ahead of the listing, the company's shares were trading with a GMP of Rs 24 in the unlisted market.
Considering the upper price band of Rs 76, the stock is expected to see a premium of just over 31% on listing.
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 65.79 lakh shares, received decent response from investors with an overall subscription of 27 times at close.
The net proceeds from the public offer will be used for working capital requirements, expenditure for opening new stores and general corporate purposes.
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