Vishnu Prakash IPO Day 2: Issue subscribed 7.5 times so far; retail portion booked 9.86x
IPO subscription status: Vishnu Prakash R Punglia IPO has been subscribed 7.52 times so far on August 25, Friday, the second day of the bidding process. The public issue received bids for 16.49 crore equity shares as compared to 3.12 crore shares on the offer, till 2:40 PM. Vishnu Prakash IPO has been subscribed 9.86 times in the retail category and 11.97 times in the Non-Institutional Investors’ (NII) category.
The quota reserved for Qualified Institutional Buyer’ (QIB) received 0.24% subscription. Vishnu Prakash IPO GMP today, or grey market premium today, is ₹55 per share, according to IPOWatch. Market observers said Vishnu Prakash IPO shares are trading at a premium of ₹55 apiece in the grey market today.
The grey market premium for Vishnu Prakash IPO today has declined from ₹65 on August 24. Read here: Vishnu Prakash IPO: GMP, subscription status, review, other details. Apply or not? Vishnu Prakash R Punglia Ltd plans to raise ₹308.88 crore from its initial offer.
The IPO will remain open till August 28. Vishnu Prakash IPO price band Is ₹94 to ₹99 per equity share. The IPO lot size is 150 shares and a bidder can apply for a minimum of one lot.
The minimum investors amount required for retail investors is ₹14,850. The public issue is proposed for listing on BSE and NSE and most likely Vishnu Prakash IPO listing date is September 5, 2023. Link Intime India Private Ltd has been appointed as official registrar of the IPO, while Choice Capital Advisors Pvt Ltd and Pantomath Capital Advisors Pvt Ltd are the book running lead managers.
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