Super Iron Foundry IPO Fully Subscribed On Final Day; Check GMP, Allotment Date And More
The latest grey market premium for Super Iron Foundry IPO stood at Rs 15 on March 13. This indicated a 13.89% gain over the issue price. Unlisted shares of Super Iron Foundry were trading at Rs 123.
The initial public offering of Super Iron Foundry Ltd. which was launched on Tuesday will close for bidding on Thursday. The SME IPO aims to raise Rs 68.05 crore from the primary market. The company manufactures municipal castings, ductile iron pipe fittings, and railway castings.
Here's all you need to know about the Super Iron Foundry IPO as bidding for the SME issue draws to an end.
Super Iron Foundry IPO: All You Need To Know
The Super Iron Foundry IPO is a fixed-price issue comprising only fresh issuance of 63.01 lakh shares. There is no offer-for-sale (OFS) component. The IPO price has been fixed at Rs 108 per share.
Retail investors can invest in the IPO with bids for a minimum lot size of 1,200, amounting to an investment of Rs 1,29,600. The high net-worth individuals (HNIs) can invest in the IPO with bids for at least two lots of 2,400 shares, requiring a minimum investment of Rs 2,59,200.
Of the 63,01,201 shares on offer - 29,92,800 (47.5%) is allocated for non-institutional investors and 29,92,800 (47.5%) is allocated for retail investors.
Horizon Management Private Ltd. is the book-running lead manager of the Super Iron Foundry IPO. Link Intime India Private Ltd. is the registrar and Giriraj Stock Broking Private Ltd. is the market maker for the IPO.
Super Iron Foundry IPO Subscription Status
The Super Iron Foundry IPO has been subscribed 1.52 times as of 4:29 p.m. on Thursday.
Non-Institutional Investors: 1.33 times
Retail Investors: 1.71 times
*The subscription status will be updated at regular intervals
Super Iron Foundry IPO GMP Today
As per InvestorGain, the GMP for Super Iron Foundry IPO stood at Rs 15 as of 3:02 p.m. on March 13, indicating a 13.89% gain over the issue price. Unlisted shares of Super Iron Foundry were trading at Rs 123.
The grey market premium has remained constant since the IPO opened for subscription.
Note: GMP does not represent official data and is based on speculation.
Super Iron Foundry IPO Allotment And Listing Date
Allotment of shares is proposed to be finalised on March 17. Credit of shares into the Demat account of successful bidders will be done on March 18. Refunds for the non-allottees will also be initiated on the same day.
Shares of Super Iron Foundry Ltd. are scheduled to be listed on the BSE SME platform on March 19.
