GMP of this IPO reached 143 p.c in grey market – India TV Hindi

Shree Karni Fabcom IPO GMP At this time: Small and Medium Enterprises (SME) IPO Shree Karni Fabcom appears to be getting a good response from buyers. The IPO has been subscribed 14 instances on the very first day of opening. The IPO of Shree Karni Fabcom is open for widespread buyers from March 6 to March 11.

Shree Karni Fabcom IPO Particulars

The difficulty measurement of Shree Karni Fabcom’s IPO is Rs 42.49 crore. This whole IPO is a contemporary difficulty. Its worth band ranges from Rs 220 to Rs 227. Its one lot is of 600 shares. To speculate on this IPO, buyers should make investments not less than Rs 1.36 lakh. Allow us to let you know, the allotment of this IPO can occur on March 12. After this, the itemizing of IPO will happen on MME platform on March 14. The corporate has raised Rs 12 crore from anchor buyers on March 5.

Shree Karni Fabcom Restricted is a textile firm that manufactures materials for baggage, medical arch helps, chairs, sneakers and attire. The corporate’s earnings has elevated by 51.87 p.c in fiscal yr 2023. On the identical time, revenue after tax has elevated by 7.85 p.c.

GMP of Shree Karni Fabcom IPO

In accordance with Investgain.com, an internet site that retains a watch on the GMP of IPO, the GMP of Shree Karni Fabcom is operating at Rs 325 per share. That is 143 p.c of its difficulty worth of Rs 227. If thought of on the idea of GMP, then the itemizing of this IPO could be carried out on the worth of Rs 552 per share. Allow us to let you know, GMP is simply an index. It reveals the market sentiment in the direction of any IPO.

Newest Enterprise Information