Odisha News Hour

Check the Subscription Status and GMP Today, as the Deem Roll Tech IPO closes today

<p><strong>Deem Roll Tech IPO:</strong> Investors have responded favorably to the steel and alloy roll maker Deem Roll Tech Ltd.’s initial public offering, which is scheduled to conclude on Thursday. The Rs 29.26-crore SME IPO garnered 20.34 times subscription up to 11:18 am on the last day of bidding on Thursday, resulting in offers for 4,38,20,000 shares vs the 21,54,000 shares that were on sale.</p>
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<p>The public might now subscribe to the IPO starting on Tuesday, February 20.</p>
<p>The non-institutional quota received subscriptions 7.92 times, while the retail sector obtained subscriptions 32.74 times.</p>
<p>Deem Roll Tech’s initial public offering (IPO) will be allocated on February 23. The company will list on the NSE SME on February 27, 2024.</p>
<p><strong>Today’s Deem Roll Tech IPO GMP</strong></p>
<p>Market watchers report that unlisted shares of Deem Roll Tech Ltd are selling on the gray market for Rs 46 more than the company’s issue price. The grey market is anticipating a 35.66% listing gain from the public offering, as shown by the Rs 46 gray market premium, or GMP. The GMP is dynamic and dependent on market mood.</p>
<p>The willingness of investors to pay above the issue price is shown by the “grey market premium.”</p>
<p><strong>Details of Deem Roll Tech’s IPO</strong></p>
<p>The Deem Roll Tech IPO is a completely new 22.68 lakh share offering. The initial public offering (IPO) would cost Rs 129 per share. An application must have a minimum lot size of 1,000 shares.</p>
<p>Retail investors are needed to invest a minimum of Rs 1,29,000. For HNIs, the minimum lot size investment is two lots (2,000 shares), or Rs 2,58,000.</p>
<p>The registrant of the Deem Roll Tech IPO is Bigshare Services Pvt Ltd, while the book-running lead manager is Fedex Securities Pvt Ltd. As for the Deem Roll Tech IPO, Ss Corporate Securities is the market maker.</p>