Ganesh Infraworld IPO: The last chance to bet on Ganesh Infraworld Ltd IPO is Tuesday. The company’s IPO (IPO News) opened on 29 November.
Investors thinking of betting on this IPO have received good news from the gray market. A sharp jump has been registered in the GMP of the company.
The price band for Ganesh Infraworld Ltd’s IPO was set from 78 rupees to an amount of 83 rupees per share. The company has issued 1600 shares. Let us tell you, the listing of this SME IPO is proposed on December 6 in NSE.
Investors Are Delighted By The Rise In GMP
There has been a jump in the GMP of Ganesh Infraworld Ltd’s IPO. The day it was announced on the 1st of December, it was reported that the IPO traded at an increase of 35 rupees in the market known as gray.
Based on the findings by Investors Gain The GMP for the IPO was 5 rupees, as of the 2nd of December. As compared to Sunday, the company’s premium in the gray market has seen a rise of Rs 15. We’ll tell you that the company trades at the highest price in the grey market.
23 Times Subscription In 2 Days
This IPO has been subscribed 23 times in 2 days. The second day the IPO received 35.33 times subscriptions for the retail segment.
At the same time, 20.64 times subscription was received in the non-institutional investors category and 3.51 times subscription was received in the qualified institutional buyers category.
We’ll tell you that the company’s IPO began for anchor investors on the 28th of November. The company has succeeded in raising over 26.59 crore rupees from big investors.
The size of Ganesh Infraworld Ltd IPO is Rs 98.58 crore. The company will issue 118.77 lakh fresh shares through IPO.
Quick Fact
| Company name | Ganesh Infraworld |
|---|---|
| IPO start date | 29 November |
| Last day to apply | 5 December |
| Listing date | 6 December |
| IPO price band | ₹78 – ₹83 per share |
| Number of shares | 1600 shares |
| IPO size | ₹98.58 crore |
| Fresh shares issued | 118.77 lakh shares |
| GMP jump on 1 Dec | ₹35 |
| Latest GMP increase | ₹5 |
| Rise in GMP by 2 Dec | ₹15 |
| Retail subscription | 35.33 times |
| Non-institutional | 20.64 times |
| Qualified investors | 3.51 times |
| Anchor investors | Began on 28 November |
| Raised from anchors | ₹26.59 crore |
Disclaimer: The website and its content are for informational purposes only and should not be considered investment advice.
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