Final Day — Check LK Mehta Polymers IPO GMP, Subscription Status, Allotment Date And More
According to InvestorGain, the grey market premium on LK Mehta Polymers IPO stood at Rs 10 as of 12:30 p.m. on February 17.
The initial public offering of LK Mehta Polymers has been subscribed over 21 times so far on the third and final day of bidding on Monday. LK Mehta Polymers IPO was launched last week and was subscribed 8.81 times till Feb. 14. The company, a manufacturer and trader of plastic products, aims to raise Rs 7.38 crore via the IPO. Here's all you need to know about the SME IPO of LK Mehta Polymers:
LK Mehta Polymers IPO Subscription Status:
L.K. Mehta Polymers IPO has been subscribed 21.77 times as of 1:54 p.m. on Monday.
Non-Institutional Buyers: 17.14 times
Retail Investors: 26.4 times
*The subscription status will be updated at regular intervals.
LK Mehta Polymers IPO GMP Today
According to InvestorGain, the grey market premium on LK Mehta Polymers IPO stood at Rs 10 as of 12:30 p.m. on February 17. As per the current LK Mehta Polymers IPO GMP trends, shares of the company are likely to list on BSE SME at Rs 81 apiece, marking a premium of 14.08% over the issue price.
Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.
LK Mehta Polymers IPO Details
Bidding Dates: Feb. 13 to Feb. 17
Minimum Investment: Rs 1,13,600
Price Range: Rs 71
Lot Size: 1600
Issue Size: Rs 7.38 crore
Allotment Date: Feb. 18
Listing Date: Feb. 21
Registrar: BigShare Services Pvt. Ltd.
Click here to check the Red Herring Prospectus (RHP) of L.K.Mehta Polymers Limited.
The company has proposed to use the net proceeds to meet its incremental working capital requirements. A portion of the funds will also be used for general corporate purposes.
L.K. Mehta Polymers: Business
LK Mehta Polymers Ltd. is a manufacturer and trader of plastic products. It sells its product under the 'Super Pack' brand. The company is also involved in the trading and reprocessing of basic raw materials such as polypropylene and polyethene granules for its clients.
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.
