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Unlisted shares of Davin Sons Retail Ltd remain to trade at Rs 70 each in the grey market, which is a 27.27 percent costs over the top IPO rate of Rs 55. It suggests a durable listing gain for financiers on January 9.
Davin Sons Retail IPO.
Davin Sons IPO: The first public deal (IPO) of Davin Sons Retail Ltd, which was opened up for public membership on Thursday, has actually thus far gotten over 4 times membership. The rate of the Rs 8.78-crore BSE SME IPO has actually been repaired at Rs 55. Till 5:00 pm on the 2nd day of bidding process on Friday, the IPO obtained a 12.53 times membership getting quotes for 1,89,96,000 shares versus 15,16,001 shares available.
So much, the non-institutional financiers (NII) classification has actually gotten a 3.03 times membership, while the allocation for retail financiers obtained subscribed by 22.03 times.
The IPO will certainly be shut on Monday, January 6.
Davin Sons IPO GMP Today
According to market onlookers, non listed shares of Davin Sons Retail Ltd remain to trade at Rs 70 each in the grey market, which is a 27.27 percent costs over the top IPO rate of Rs 55. It suggests a durable listing gain for financiers on January 9.
The GMP was absolutely no in the early morning.
Davin Sons Retail IPO: More Details
The Davin Sons IPO is totally a fresh concern of 15.96 lakh shares. Its rate has actually been repaired at Rs 55 per share.
The IPO bidding process has actually been opened up on January 2, 2025, and will certainly shut on January 6, 2025. The allocation for the Davin Sons IPO is anticipated to be settled on Tuesday, January 7, 2025. It will certainly provide on BSE SME with tentative listing day repaired as Thursday, January 9, 2025.
For financiers, the minimal great deal dimension for an application is 2,000. The minimal quantity of financial investment called for by retail financiers is Rs 1,10,000. The minimal great deal dimension financial investment for HNI is 2 great deals (4,000 shares) totaling up to Rs 2,20,000.
Navigant Corporate Advisors Ltd is guide running lead supervisor of the Davin Sons IPO, while Kfin Technologies Limited is the registrar for the concern.The market manufacturer for Davin Sons IPO is Aftertrade Broking Pvt Ltd.
