Vishnu Prakash IPO Day 3: Issue subscribed 18 times so far; should you subscribe before bidding ends today?

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IPO subscription, focus now shifts to GMP and allotment. Check GMP, subscription status and other key details of Vishnu Prakash IPO here: Vishnu Prakash R Punglia IPO has been subscribed 18.05 times so far on August 28, Monday, the third and the last last day of the bidding process. The public issue received bids for 39.58 crore equity shares as compared to 2.19 crore crore shares on the offer, till 11:00 am.

Vishnu Prakash IPO has been subscribed 18.79 times in the retail category and 40.51 times in the Non-Institutional Investors’ (NII) category. The quota reserved for Qualified Institutional Buyer’ (QIB) received 0.39% subscription. Read here: Vishnu Prakash IPO: GMP, subscription status, review, other details. Apply or not? Vishnu Prakash IPO GMP today, or grey market premium today, is ₹55 per share, according to IPOWatch.

This means Vishnu Prakash IPO shares are trading at a premium of ₹55 apiece in the grey market today, market observers said. Considering the GMP today and the upper end of the IPO price band, Vishnu Prakash IPO listing is estimated to be at ₹154 per share, which is a premium of 55.55% to the issue price. Also Read: Aeroflex Industries IPO: GMP, how to check status on allotment date The ₹308.88-crore worth IPO of Vishnu Prakash R Punglia Ltd ends today.

Vishnu Prakash IPO price band Is ₹94 to ₹99 per equity share. The IPO lot size is 150 shares. The minimum investors amount required for retail investors is ₹14,850.