The initial public offering of Sat Kartar Shopping Ltd. concluded its bidding period on Tuesday with an overall subscription of 332.78 times.
As interest in the SME IPO grew, the grey market premium for the shares also increased to an all-time high, with investors expected to make close to 75% profit (after selling shares) if the shares were to list on NSE at the grey market price.
What is Sat Kartar Shopping IPO GMP Today?
Sat Kartar Shopping IPO GMP today is Rs 60 as of 05:03 a.m. on Jan. 15. This indicates Sat Kartar Shopping share price was trading at a premium of Rs 60 in the grey market, according to IPO tracking site Investorgain.com.
Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Sat Kartar Shopping share price is indicated at Rs 141 per share, which is 74.07% higher than the IPO price of Rs 81.
The GMP was Rs 33 before the issue opened for subscription on Day 2.
Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.
Sat Kartar Shopping IPO GMP Trend
Sat Kartar Shopping IPO: All You Need To Know
Sat Kartar Shopping Ltd.’s public offer is an entirely fresh issue of 41.73 lakh shares with no offer-for-sale component. The price band for the SME IPO was set at Rs 77 to Rs 81 per share. The minimum lot size for an application was 1600 equivalent to the minimum amount of investment required by retail investors to Rs 1,29,600. The minimum lot size investment for HNI was 2 lots (3,200 shares) amounting to Rs 2,59,200.
Skyline Financial Services Pvt. is the registrar for the Sat Kartar Shopping IPO, with Narnolia Financial Services Ltd. serving as the book-running lead manager. The market maker for this SME IPO is Prabhat Financial Services Ltd.
Ahead of the launch of its IPO, Sat Kartar Shopping Ltd raised Rs 9.55 crore from anchor investors.
Sat Kartar Shopping IPO Allotment and Listing Date
The allotment for the Sat Kartar Shopping IPO will be finalsed on Wednesday, Jan. 15. Shares of Sat Kartar Shopping Ltd will be listed on NSE SME, Emerge with a tentative listing date set as Friday, Jan.17.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
. Read more on IPOs by NDTV Profit.Sat Kartar Shopping IPO received an overwhelming response from the investors as the SME issue was booked over 300 times on Tuesday. Read MoreIPOs, Trending, Markets
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