Unlisted shares of Italian Edibles Ltd are trading Rs 15 higher in the grey market, which is a 22.06 per cent listing gain from the public issue
Italian Edibles IPO: The initial public offering of Italian Edibles Ltd, which is going to be closed on Wednesday, February 7, has received a whopping response from investors. Till 10:12 am on the final day of bidding on Wednesday, the IPO received 37.19 times subscription, garnering bids for 13,83,42,000 shares as against 37,20,000 shares on offer.
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The Rs 26.66-crore SME IPO was opened for public subscription on February 2.
The retail category has so far received 56.96 times subscription and the non-institutional investor (NII) category quota got 17.32 times subscription.
The allotment of Italian Edibles IPO will take place on February 8, while its listing will take place on the NSE SME on February 12, 2024.
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Italian Edibles IPO GMP Today
According to market observers, unlisted shares of Italian Edibles Ltd are trading Rs 15 higher in the grey market as compared with its issue price. The Rs 15 grey market premium or GMP means the grey market is expecting a 22.06 per cent listing gain from the public issue. The GMP is based on market sentiments and keeps changing.
‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
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Italian Edibles IPO Details
The Italian Edibles IPO is entirely a fresh issue of 39.2 lakh shares. The price of the Italian Edibles IPO has been fixed at Rs 68 per share.
The minimum lot size for an application is 2,000 shares. The minimum amount of investment required by retail investors is Rs 1,36,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to Rs 2,72,000.
First Overseas Capital Limited is the book-running lead manager of the Italian Edibles IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Italian Edibles IPO is Nikunj Stock Brokers.
