Sanathan Textiles IPO GMP
Sanathan Textiles IPO GMP is around Rs 21 per share. The grey market premium quotation indicates huge interest of retail investors. You can check the latest GMP price online from the first day of subscription. If the subscription got oversubscribed then Sanathan Textiles IPO GMP might rise in the coming days.
Sanathan Textiles IPO FAQ
1. What is Sanathan Textiles IPO GMP?
Sanathan Textiles IPO GMP is around Rs 21 per share. The grey market premium quotation indicates huge interest of retail investors. You can check the latest GMP price online from the first day of subscription. If the subscription got oversubscribed then Sanathan Textiles IPO GMP might rise in the coming days.
2. What are the details of the Sanathan Textiles IPO?
Sanathan Textiles IPO is a book-built issue of Rs 550 crore. This upcoming IPO is a combination of fresh issue and offer-for-sale. The fresh issue is of Rs 400 crore and OFS is of Rs 150 crore.
3. When will the Sanathan Textiles IPO open and close?
Sanathan Textiles IPO open date is Thursday, 19 December 2024 and closing date is Monday, 23 December 2024. Initiation of refund date is 26 December 2024 and credit of shares will be on 26 December 2024.
4. What are the details of Sanathan Textiles IPO reservation?
Sanathan Textiles IPO subscription status will be available after the IPO opens on 19 December 2024. In the QIB category 50% of the net offer is reserved. The remaining 35% is reserved for the retail investors and 15% is for Non-Institutional investors.
5. Write the details of the IPO Allotment Status?
Sanathan Textiles IPO allotment status will be finalised on Tuesday, 24 December 2024. The listing will be on the BSE and NSE platforms on Wednesday 18 December, 2024. The registrar of this IPO is Kfin Technologies Limited. Investors can check their allotment status after the subscription of the IPO ends.
6. Who is the registrar and lead managers for Sanathan Textiles IPO?
Sanathan Textiles IPO registrar is Kfin Technologies Limited. On the date of allotment, Investors can click on the registrar's website and select the name of the company and enter PAN number or application ID to know their allotment status. The lead managers are DAM Capital Advisors and ICICI Securities Limited.
What is an IPO GMP?
IPO GMP, full form is Initial Public Offering Grey Market Premium. It refers to the premium price at which shares of the upcoming IPO are getting traded. IPO GMP gives an idea to the investors of the official IPO listing price.
The grey market is an unregulated platform where traders buy IPO shares based on demand and supply and aim for listing gains. The IPO GMP indicates market sentiments and expectations of the upcoming IPO.
A high IPO GMP indicates strong interest of investors and expectation of positive listing in the stock exchange. Whereas, low IPO GMP indicates lack of interest of the investors. However, IPO GMP is very speculative and doesn’t guarantee actual listing outcomes