Italian Edibles IPO: The Italian edible food IPO, which closed on February 7, is scheduled to be listed on the NSE SME on Monday, February 12. How to check allocation status and what GMP suggests today are as follows.
On the last day of bidding on February 7, the IPO received over 154 subscriptions, recording bids of 57,44,78,000 shares against 37,20,000 shares offered. The retail category was subscribed 120.62 times, and the non-institutional investor (NII) category was subscribed 177.37 times.
From February 2 to February 7, the Rs 26.66-crore SME IPO was opened for public subscription.
The Italian edible products IPO listing is scheduled to take place on NSE SME on February 12, 2024.
How to Check Italian Edibles IPO Allocation Status
Italian Edibles IPO allocation status can be checked on Bigshare Services website. Below is a step-by-step guide to check the status of your Italian Edibles IPO application.
1) Go to the Bigshare Services Pvt Ltd website via URL (https://www.bigshareonline.com/ipo_Allotment.html).
2) Here you have to choose one of the three servers available.
3) Select the IPO name via the drop-down menu. The name will be populated only when the stock allocation process is completed.
4) You must select one of three modes: application number, beneficiary ID, and PAN ID.
5) Enter the details of the mode selected in step 3.
6) Click on the Search option
The allocation status is now displayed.
Italian Edibles IPO GMP Today
According to market observers, the unlisted shares of Italian Edibles Ltd are trading Rs 12 higher in the gray market compared to the issue price. The Rs 12 gray market premium or GMP means that the gray market expects a listing gain of 17.65% from the public issue. GMPs are based on market sentiment and are constantly changing.
The ‘grey market premium’ indicates that investors are prepared to pay more than the issue price.
Italian Edibles IPO Details
Italian Edibles IPO was a fresh issue of entirely 39.2 lakh shares. Italian Edibles IPO price was fixed at Rs 68 per share.
The minimum lot size for application was 2,000 shares. The minimum investment amount required by an individual investor is Rs 1,36,000. The minimum lot size investment by HNIs was 2 lots (4,000 shares) amounting to Rs 2,72,000.
First Overseas Capital Limited is the lead book-running manager for the Italian Edibles IPO and Bigshare Services Pvt Ltd is the registrar for the matter. The market maker for the Italian Edibles IPO is Nikunj Stock Brokers.