Transteel Seating Technologies IPO: Check GMP, subscription status, other key details as SME issue opens
Also Read: Blue Jet Healthcare IPO allotment: Check latest GMP, here's how to check allotment status The equity shares of Transteel Seating Technologies will be listed on NSE SME with a tentative listing date fixed on November 9. Transteel Seating Technologies IPO size is ₹49.98 crore which is a combination of fresh issue of 67.84 lakh equity shares aggregating to ₹47.49 crore and offer for sale (OFS) of 3.56 lakh shares aggregating to ₹2.49 crore. The IPO price band has been set at ₹67 to ₹70 per share.
The IPO lot size is 2,000 shares and the minimum investment amount required by retail investors is ₹140,000. (Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) The book running lead managers of the Transteel IPO are Gretex Corporate Services Ltd and Pantomath Capital Advisors Pvt Ltd, while Bigshare Services Pvt Ltd is the IPO registrar. Transteel Seating IPO has been fully subscribed on Monday, the first day of the bidding process.
The public issue has been booked 1.02 times so far as it received bids for 46.58 lakh equity shares as compared to 45.66 lakh equity shares on the offer, as per data available at 4:10 pm. The IPO has been subscribed 1.68 times in the retail category and 0.92 times in the Non-Institutional Investors’ (NII) category so far. Also Read: Cello World IPO open for subscription: GMP, issue details, price band, risks, 10 key things to know before investing Transteel IPO GMP today, or grey market premium today, is ₹21 per share, as per market observers.
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