Also Read: Indegene IPO: Issue booked 55% on Day 1, so far. NII portion fully subscribed; check GMP, subscription status, key dates Winsol Engineers IPO is commanding a robust grey market premium today. Winsol Engineers IPO GMP today, or grey market premium today, is ₹130 per share, as per stock market observers.
This indicates that Winsol Engineers shares are trading at ₹205 apiece in the grey market, a premium of 173.33% to the issue price of ₹75 per share. Winsol Engineers IPO opened for subscription on May 6 and will close on Thursday, May 9. The IPO allotment is expected to be finalized on May 10 and the equity shares of Winsol Engineers will list on NSE SME with a tentative listing date fixed on May 14.
Winsol Engineers IPO price band is set at ₹71 to ₹75 per share. At the upper-end of the price band, the company plans to raise ₹23.36 crore from the book-built issue which is entirely a fresh issue of 31.15 lakh equity shares. The IPO lot size is 1,600 shares and the minimum investment amount required by retail investors is ₹120,000.
Read here: Winsol Engineers IPO price band set at ₹71-75 per share; SME IPO to open on May 6 Winsol Engineers has already raised ₹6.62 crore from anchor investors on May 3. The company proposes to utilise the fresh issue proceeds towards working capital requirements and general corporate purposes. Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Winsol Engineers IPO, while Kfin Technologies is the IPO registrar.
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