Today is the last chance to bet on GSM Foils IPO. The company’s IPO price band has been fixed at Rs 32 per share. The IPO was opened to investors on 24th. It will be listed on NSE SME on 31 May 2024. Tell us in detail –
The IPO of this company is opening from today, double money will be made on the first day!
Contents
What is GMP? (GSM files IPO GMP today)
The lot size of this IPO is 4000 shares. Due to which retail investors have to bet at least Rs 1,28,000. Talking about the gray market, this IPO is trading at a premium of Rs 8 today. According to GMP, a company can be listed at a premium of Rs 40. If this happens, investors can get 25 percent profit on the first day itself.
This defense stock has been booming for 1 year, stocks are looting, experts are bullish
There has been no change in the position of the company in the gray market for the past few days. Even on May 24, the GMP was only Rs.8. And even today it is only Rs.8. While earlier this share was trading at a premium of Rs 5.
The subscription increased by more than 68 times on the second day
The IPO received more than 18 times the subscription on the first day. Subsequently, the IPO in the retail category was subscribed 31.56 times. At the same time, the IPO received 68.35 times more subscriptions on the next day. Then the retail category received 106.12 times the IPO.
Before the IPO, the promoters held 99.99 percent of GSM foils. Which after IPO decreased to 73.14 percent.
How good is the financial situation?
Talking about the financial condition of the company, the profit of Rs 124.79 crore was made in the last financial year. While in the previous financial year it was Rs. 142.97 crores. Let us tell you that the investors who have placed bets can be allotted shares on May 29.