Tomorrow is the last chance to bet on IPO
Business Business: Sahasra Electronics Solutions NSE IPO performed well in the gray market. In two days, this IPO was subscribed more than 18 times. Tomorrow i.e. Monday is the last chance to bet on the company’s IPO. Let’s know about this IPO in detail-
As far as the IPO price range of this company is concerned, it is fixed between Rs 269 to Rs 283 per share. The company issued a batch of 400 shares. Due to this, every retail investor will have to bid a minimum of Rs 1,13,200. Let us remind you that on September 25, the IPO of Sahasra Electronics Solutions NSE was open for anchor (large) investors. The company raised Rs 53.03 crore through the IPO. The lock-in period for 50 percent of the shares issued to anchor investors is only 30 days.
According to a report by InvestorsGain, the company’s IPO is trading at a premium of Rs 198 in the gray market today. This is the second GMP indicator of the company. Till September 27, the company was available in the gray market at a GMP price of Rs 175. Let us tell you that on the opening day on September 26, the IPO was trading at a premium of Rs 200 in the gray market.
The size of the IPO is Rs 186.16 crore. The company will issue 60.78 million shares under the IPO. A total of 50 lakh shares will be issued simultaneously under the sale offer. Let us remind you that this IPO opened on September 26.
This IPO got 5.07 times subscription on the first day. On the second day, on September 27, the subscription increased by 13.94 times. On the second day, 17.42 IPOs came in the retail sector.
