Italian Edibles IPO: The Italian Edibles IPO, which closed on February 7, will list on the NSE SME on Monday, February 12. Here's how to check allocation status and what GMP is proposing today.
On the last day of offering on February 7, the IPO received subscriptions more than 154 times, with bids received for 57,44,78,000 shares against 37,20,000 shares offered. The retail category received 120.62 times subscription and the Non-Institutional Investor (NII) category quota received 177.37 times subscription.
The SME IPO worth Rs 26.66 crore was opened for public subscription between February 2 and 7.
The listing of Italian Edibles will take place on February 12, 2024 on the NSE SME.
How to Check Italian Edibles IPO Allotment Status
The status of Italian Edibles' IPO allotment can be viewed on the Bigshare Services website. Here is a step-by-step guide to checking Italian Edibles' IPO application status:
1) Go to Bigshare Services Pvt Ltd website via URL (https://www.bigshareonline.com/ipo_Allotment.html).
2) From here you need to select one of the three servers available
3) Select the IPO name from the drop-down menu. The name will not be filled in until the share allocation process is completed
4) You need to select one of the three modes: Application Number, Beneficiary ID or PAN ID
5) Enter the details of the mode you selected in step 3
6) Click on the search option
Your quota status will now be visible.
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Italian Edibles IPO GMP today
According to market observers, unlisted shares of Italian Edibles Ltd are trading Rs 12 higher in the gray market compared to the issue price. The gray market premium or GMP of Rs 12 means that the gray market expects a listing profit of 17.65 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.
Italian Edibles IPO details
The IPO of Italian Edibles was entirely a fresh issue of shares worth Rs 39.2 lakh. The price for the IPO of Italian Edibles has been set at Rs 68 per share.
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The minimum lot size for registration was 2,000 shares. The minimum investment amount required from retail investors was Rs 1,36,000. The minimum investment size for HNI was 2 lots (4,000 shares) worth Rs 2,72,000.
First Overseas Capital Limited is the underwriter of the Italian Edibles IPO while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for the Italian Edibles IPO is Nikunj Stock Brokers.
Mohammad HarisHaris is Deputy News Editor (Business) at news18.com. He writes on various topics…Read more
first published: February 11, 2024, 2:10 PM IST
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