Astonea Labs IPO: GMP, Day 3 Subscription Status, Allotment Date And Key Details
The allotment status for Astonea Labs IPO is expected to be finalised on Friday, May 30
The initial public offering (IPO) of Astonea Labs Ltd. will close for subscription on May 29. The SME IPO was booked over 1.7 times on its final day led by demand from non-institutional investors.
As the subscription for the SME issue draws to an end, here's all you need to know about Astonea Labs IPO.
Astonea Labs IPO Day 3 Subscription Status
The IPO has been subscribed 1.78 times as of 4:24 p.m. on Thursday
Qualified Institutions: 0.70 times
Non-Institutional Buyers: 5.60 times
Retail Investors: 1.66 times
The subscription status will be updated at regular intervals.
Astonea Labs IPO GMP Today
The latest grey market premium for the Astonea Labs SME IPO is Rs 0, on Thursday, May 29. With the upper end of the IPO’s price band fixed at Rs 135, the estimated listing price remains Rs 135, indicating a flat listing when the company lists on BSE SME on June 3.
Note: GMP is not an official source of data and is based on speculation.
Astonea Labs IPO Allotment Details
The allotment status for Astonea Labs IPO is expected to be finalised on Friday, May 30. Investors who bid for the issue can check their share allotment status on the BSE and KFin Technologies website.
Refunds will be initiated on June 2, and the company is also expected to transfer shares to the Demat accounts on the same day.
The company has proposed to list its shares on the BSE SME platform on Tuesday, June 3.
Astonea Labs IPO Details
The Astonea Labs IPO is a book-built issue worth Rs 37.67 crore. It consists entirely of a fresh issue of 27.9 lakh equity shares, with no offer-for-sale (OFS) component. The company specialises in contract manufacturing of pharmaceutical and cosmetic products for clients in India and abroad.
The price band for the Astonea Labs IPO has been fixed between Rs 128 and Rs 135 per share.
Oneview Corporate Advisors Pvt. Ltd. is the book-running lead manager of the Astonea Labs IPO, while Kfin Technologies Limited is the registrar for the SME issue.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
