Deem Roll Tech IPO: Steel and alloy roll maker Deem Roll Tech Ltd's IPO, which will close on Thursday, has received an overwhelming response from investors. Till 4:02 pm on the last day of bidding on Thursday, the Rs 29.26-crore SME IPO received a whopping 248.58 times subscription, garnering bids for 53,54,44,000 shares against 21,54,000 shares on offer.
The IPO opened for public subscription on Tuesday, February 20.
The retail category received 165.03x subscriptions and the non-institutional quota received 311.49x subscriptions.
The allotment of Deem Roll Tech's IPO will take place on February 23, while the listing on NSE SME will take place on February 27, 2024.
Consider Roll Tech IPO GMP today
According to market observers, unlisted shares of Deem Roll Tech Ltd are trading Rs 46 higher than their issue price in the gray market. The gray market premium or GMP of Rs 46 means that the gray market expects a listing gain of 35.66 percent from the public issue. The GMP is based on market sentiment and is constantly changing.
“Gray market premium” indicates investors’ willingness to pay more than the issue price.
Deem Roll Tech IPO details
The IPO of Deem Roll Tech is a pure fresh issue of 22.68 lakh shares. The price of the IPO was set at Rs 129 per share. The minimum lot size for registration is 1,000 shares.
The minimum investment amount required for retail investors is Rs 1,29,000. The minimum investment size for HNI is 2 lots (2,000 shares) worth Rs 2,58,000.
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