Read on the application
People are betting heavily on the IPO of smallcap company Deepak Chemtex. The company’s IPO opened on November 29 and the very next day, Deepak Chemtex received more than 80 times bets on the IPO. There is still an opportunity to bet on the company’s IPO. The company’s IPO is open for subscription till December 1, 2023. Deepak Chemtex shares are trading at a premium of 40 percent in the gray market here.
Shares of the company may be listed around Rs 112
Deepak Chemtex IPO Price Band Rs. 76-80 is. Shares of the company are currently traded in the gray market at Rs. are trading at a premium of 32. At the upper price band of Rs 80, shares of Deepak Chemtex could list around Rs 112. That is, investors who acquire shares in a company’s IPO can expect a profit of 40% on the very first day. Allotment of shares in the IPO may be finalized on 6 December 2023. At the same time, the shares of the company may be listed in the market on 11 December 2023.
Also Read- Radhakishan Damani tops this rich list, Flipkart boss at No-2
The IPO has been subscribed more than 88 times
On the second day of subscription, Deepak Chemtex IPO has fetched 88.44 times the share till the time of writing. Retail investors have subscribed 125.43 times the quota in the company’s IPO. At the same time, non-institutional investors (NII) have subscribed 105.49 times the quota. While Qualified Institutional Buyers (QIB) quota has been subscribed 10.95 times. The company’s IPO is open for subscription till December 1, 2023. Before the IPO, the promoters’ stake in the company was 99.40 per cent, which will now be reduced to 73.05 per cent.
Also Read – Foreign Investors Buy Millions of Shares of This Company at ₹ 155