The grey market activity signals strong demand, with today’s GMP of Rs 24 indicating a potential listing premium of approximately 31%. Today's GMP shows an upward trend compared to the Rs 17 GMP over the weekend.
The supermarket chain has set the price band for its IPO at Rs 74-78 per equity share. The IPO, a book-built issue worth Rs 8,000 crore, is entirely an offer for sale (OFS) of 102.56 crore shares.
The minimum lot size for an application is 190 shares, with a minimum investment amount of Rs 14,820 for retail investors.
Meanwhile, the minimum investment for small non-institutional investors is 14 lots, equivalent to 2,660 shares, totaling Rs 2.07 lakh. For large non-institutional investors, the minimum investment is 68 lots, or 12,920 shares, amounting to Rs 10.07 lakh.
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