Shree Refrigerations IPO Subscribed 187 Times; GMP Soars 68% - Check Allotment Date, Status And Listing Date
The unlisted shares of Shree Refrigerations were trading at Rs 210 a piece on the grey market, indicating a listing gain of over 68% per share over the upper limit of the issue price.
The initial public offering (IPO) of Shree Refrigerations Ltd., which opened for bidding on Friday, closed for subscription on Tuesday, July 29.
The SME issue was booked over 185 times on final day.
Here's all you need to know about the Shree Refrigerations IPO, including the price band, offer size, Day 3 subscription status, latest grey market premium, allotment date, allotment status, listing date and more.
Shree Refrigerations IPO Price Band, Offer Size, Day 2 Subscription Status
The Shree Refrigerations IPO is a book-building issue of Rs 117.33 crore. It comprises a fresh issue of 75.61 lakh shares, worth Rs 94.51 crore, and an offer-for-sale (OFS) of 18.25 lakh shares, amounting to Rs 22.81 crore. The price band for the Shree Refrigerations IPO is set between Rs 119 and Rs 125 per share.
Narnolia Financial Services Ltd. is the book-running lead manager of the Shree Refrigerations IPO. MUFG Intime India Pvt. is the registrar of the IPO. Mansi Share and Stock Broking Pvt. is the market maker for the issue.
The BSE SME issue was booked 20.62 times on Monday, as per the data from market tracking site Chittorgarh. The IPO attracted bids for more than 12.86 crore shares against 62.42 lakh shares on offer.
Shree Refrigerations IPO GMP Today
According to Investorgain, the grey market premium (GMP) for Shree Refrigerations IPO stood at Rs 85 apiece at 5:00 p.m. on July 29. The unlisted shares of Shree Refrigerations were trading at Rs 210 (Rs 125 + Rs 85) a piece on the grey market. The GMP reflects a potential listing gain of 68% per share over the upper limit of the issue price.
Note: GMP does not represent official data and is based on speculation.
Shree Refrigerations IPO Day 3 Subscription Status
The SME IPO of Shree Refrigerations was subscribed 187.55 times on Tuesday.
Qualified Institutions: 167.32 times
Non-Institutional Investors: 197.01 times
Retail Investors: 195.05 times
Subscription status will be updated at regular intervals
Shree Refrigerations IPO Allotment And Listing Date
The allotment status for the Shree Refrigerations shares is proposed to be finalised on July 30. Shree Refrigerations will transfer shares to the Demat accounts of the successful bidders on July 31. The company will also process refunds for non-allottees on the same day.
Shares of Shree Refrigerations are proposed to be listed on the BSE SME platform on August 1.
Shree Refrigerations IPO Allotment Status
Investors who bid for the issue can check the share allotment status for Shree Refrigerations IPO on the websites of BSE and MUFG Intime India (previusly known as Link Intime India), the registrar for the issue.
Shree Refrigerations Business And Use Of IPO Proceeds
Shree Refrigerations manufactures refrigeration equipment, particularly for the Indian Navy. It also produces chillers for the chemical and pharmaceutical industries. The company will use proceeds from the IPO to fund working capital requirements and for general corporate purposes.
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
