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Kalyani Cast Tech, a company involved in the casting business, is going to enter the stock market. There may be a large entry of company shares in the market. Shares of Kalyani Cast Tech are going to list in the market on 17th November. The company’s shares are at a premium of around 70 per cent to the gray market. The gray market premium suggests that Kalyani Kast Tech’s shares may cause a stir on listing day.
Shares of the company Rs. Above 230 can be listed
Kalyani Cast Tech IPO Price Band Rs. 137-139 was. The shares of the company have been allotted at an upper price band of Rs 139. Shares of the company in the gray market at Rs. 95 are being traded at a premium. In such a situation, the shares of Kalyani Cast Tech will be Rs. 234 can be listed around. Investors who are allotted company shares in the IPO can expect around 70% profit on the day of listing.
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The IPO has been subscribed more than 208 times
Kalyani Cast Tech’s IPO has been subscribed a total of 208.59 times. Retail investors have subscribed 190.95 times the quota in the company’s IPO. At the same time, non-institutional investors (NII) have subscribed 439.20 times the quota in the IPO. The company’s IPO has been subscribed 66.35 times the quota of qualified institutional buyers. The company’s IPO opened for subscription on November 8 and remained open till November 10. Retail investors can bid for 1 lot in a company’s IPO. One lot of IPO has 1000 shares.
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