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This is the last chance to bet on the IPO of Cellcor Gadgets, a company involved in the business of televisions, mobiles and many other types of gadgets. Subscriptions for the company’s IPO will close on Wednesday, September 20. The IPO of Celecor Gadgets opened on September 15. Celecor Gadgets’ IPO has been subscribed more than 18 times in the first 2 days. The total public issue size of the company is Rs. 50.77 crores.
GMP of IPO is Rs. reached 55
The price band of Cellcor Gadgets IPO is Rs 87-92. At the same time, the company’s share premium in the gray market has touched Rs 55. If the shares of the company are Rs. If allocated at an upper price band of 92, shares of Celcor Gadgets will be Rs. 147 may be listed in the range. That is, the shares of the company can be listed with a premium of 60 percent. Allotment of shares in the IPO will end on September 25. At the same time, the shares of the company will be sold on 28 September 2023. NSE The SME will be listed in the exchange.
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More than 18 times subscription in first 2 days
Cellcore Gadgets’ IPO has been subscribed 18.41 times in first 2 days. The retail quota of the company’s IPO has been subscribed 31.50 times in the first 2 days. At the same time, Qualified Institutional Buyers (QIB) have subscribed 0.10 times the quota. The quota of non-institutional investors has been subscribed 12.28 times in the first 2 days. Retail investors can bid for 1 lot in the IPO. A lot of IPO has a total of 2000 shares.
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Disclaimer: Information about stock performance is provided here only, not investment advice. Investment in stock market is subject to risk and please consult your advisor before investing.