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New Delhi: Hariom Flour and Spices IPO: Hariom Flour and Spices IPO has received record subscription. The company's issue has been subscribed about 2013.64 times. On May 21, the third day of the IPO, investors bought 211.82 crore equity shares, which is 1,834.01 times more than the offer size of 11.55 lakh equity shares. The price band of Hariom Ata & Spices IPO was fixed at Rs 48.
Which quota and how much to subscribe?
Retail investors subscribed 2556.5 times the allotment quota, while institutional and non-institutional investors bought 1,432.77 times their quota. Notably, the subscription figures by HOAC were higher than KC Energy & Infra and Maxpose IPOs, which were subscribed 959 times and 905 times respectively in January this year.
What are the details?
The flour and spices maker had launched an issue of Rs 5.54 crore on May 16 at a price of Rs 48 per share. This included fresh issue of only 11.55 lakh equity shares. It is noteworthy that its allotment date is May 22 and the equity shares will be deposited in the demat account of successful investors by May 23. The company's shares will be listed on NSE Emerge on May 24.
GMP what's going on?
According to Investorgain.com, this IPO is trading at a premium of Rs 155 in the grey market. According to this, the stock can be listed at Rs 203. That is, investors can get a profit of up to 322.92% on listing.
