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Siyaram Recycling IPO: The Siyaram Recycling IPO has received excellent response from investors during the first two days. The IPO (IPO News) has received over 80 percent subscription in 2 trading days. Investors also seem to be upbeat after looking at the GMP. Let us tell you that the company’s IPO price band is 43 to 46 rupees per share.
Before opening the IPO, the company raised Rs. 285 crore raised, GMP proud
78% profit expected (Siyaram Recycling IPO GMP)
The company has been able to establish its dominance in the gray market. Siyaram Recycling’s IPO on Monday morning was Rs. was trading at a premium of 36. That is, the possible listing of the company in the stock market is Rs. is above 80. If this happens, the investors who will be allotted the shares can get a profit of 78 percent on the first day itself.
Investors are betting heavily
The Siyaram Recycling IPO was subscribed more than 20 times on the first day i.e. December 14. While on the next day i.e. 15th December, 59.95 times subscription was received. Retail category received 106.57 times subscription on this day. Today is the last chance for investors to bet on this SME IPO.
A lot of 3000 shares
The company has placed 3000 shares in a fixed lot size for the IPO. Due to which retail investors have to invest at least Rs 1,38,000. Allotment of shares to investors will be done on December 19. Listing of the company on BSE is possible on 21st December. Let us tell you that the size of the IPO is 22.96 crore rupees. The company has appointed Hem Securities Limited as the book running lead manager for the IPO.
(This is not investment advice. The stock market is subject to risks. Be sure to consult an expert before making any investment.)