8 times subscription on first day, IPO will be open for 2 more days, dominating gray market

TBI Corn IPO: Investors betting on the TBI Corn IPO now have a chance. The IPO will be open to investors till June 4. The company’s IPO size is Rs 44.94 crore. The company will issue 47.81 lakh shares through IPO. The company’s performance in the gray market is excellent. Tell us about this IPO in details –

What is a price band? (TBI Corn IPO Price Band)

The price band of TBI Corn IPO per share is Rs. 90 to Rs. is 94. The lot size of this IPO is 1200 shares. Due to which retail investors have to bet at least Rs 1,12,800. Allotment of shares of the company will take place on June 5, 2024. Whereas, the listing of the IPO will take place on June 7, 2024.

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Company Dominance in Gray Market (TBI Corn IPO GMP Today)

TBI Corn IPO continues to perform well in the gray market. The company today traded in the gray market at Rs. It is trading at a premium of 84. If the situation continues till the listing, the company will trade in the stock market at Rs. Can debut at the level of 178. If this happens, investors can make 89 percent profit on the first day itself.

Investors will be able to invest in 6 companies’ IPOs this week, know the price and all the important things

Over 8 times subscription on first day

The IPO was oversubscribed 8.37 times on the first day itself. The IPO was subscribed 37.14 times in the retail category. At the same time, 0.02 times subscription was received in the category of qualified institutional buyers. At the same time, the non-institutional investor category received 6.82 times subscription.

The IPO was opened to anchor investors on May 30. The IPO was raised by anchor investors of Rs. 12.77 crore was collected. The lock-in period of 50 per cent shares issued to anchor investors is only 50 days. After this the anchor investors can sell these shares. Let us tell you that before the IPO, the share of the promoters in the company was 76.65 percent. Which will now decrease to 57.71 percent.

(This is not investment advice. Stock market is subject to risks. Consult experts before making any investment.)

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