Unlisted shares of DelaPlex Ltd are trading Rs 125 higher in the grey market, which is a 65.1 per cent listing gain from the public issue
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DelaPlex IPO: The initial public offering of IT solutions provider DelaPlex Ltd, which was opened for public subscription on Thursday, January 25, has already been oversubscribed within hours. The IPO will remain open till Tuesday, January 30. Till 11:14 am on the first day of bidding on Thursday, the Rs 46.08-crore SME IPO received 2.64 times subscription, garnering bids for 9,01,200 shares as against 3,42,000 shares on offer.
The retail category has received 0.99 times subscription and the non-institutional category quota got 0.51 times subscription.
The allotment of Delaplex IPO will take place on January 31, while its listing will take place on the NSE SME on February 2, 2024.
DelaPlex IPO GMP Today
According to market observers, unlisted shares of DelaPlex Ltd are trading Rs 125 higher in the grey market as compared with its issue price. The Rs 125 grey market premium or GMP means the grey market is expecting a 65.1 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.
DelaPlex IPO Details
DelaPlex IPO is a combination of a fresh issue of 18 lakh shares aggregating to Rs 34.56 crore and an offer for sale of 6 lakh shares aggregating to Rs 11.52 crore.
The price band of the DelaPlex IPO has been fixed at Rs 186 to Rs 192 per share. The minimum lot size for an application is 600 shares. The minimum amount of investment required by retail investors is Rs 1,15,200. The minimum lot size investment for HNI is 2 lots (1,200 shares) amounting to Rs 2,30,400.
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Shreni Shares Limited is the book-running lead manager of the DelaPlex IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for DelaPlex IPO is Shreni Shares.
