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Unlisted shares of Sat Kartar Shopping Ltd are currently trading at Rs 114 apiece in the grey market, which is a 40.74 per cent premium over the upper IPO price of Rs 81. It indicates a strong listing gain for investors on January 17.
Sat Kartar Shopping IPO.
Sat Kartar Shopping IPO: The initial public offer (IPO) of Sat Kartar Shopping Ltd, which was opened on Friday, has received over 42 times subscription so far. The IPO will be closed on Tuesday, January 14. The price band of the Rs 33.80-crore SME IPO has been fixed at Rs 77 to 81 apiece. Till 5:54 pm on the second day of bidding on Monday, the IPO got a 42.46 times subscription receiving bids for 11,79,47,200 shares against 27,77,800 shares on offer.
So far, the quota for retail investors got subscribed by 65.03 times. The non-institutional investors (NII) portion received a 44.61 times subscription. The QIB category has been subscribed by 2.31 times.
The IPO allotment will likely take place on January 15, while the listing is scheduled to take place on January 17 on the NSE SME.
Sat Kartar Shopping IPO GMP Today
According to market observers, unlisted shares of Sat Kartar Shopping Ltd are currently trading at Rs 114 apiece in the grey market, which is a 40.74 per cent premium over the upper IPO price of Rs 81. It indicates a strong listing gain for investors on January 17.
Sat Kartar Shopping IPO: More Details
The Sat Kartar Shopping IPO is entirely a fresh issue of 41.73 lakh shares. The price band of the IPO has been fixed at Rs 77 to Rs 81 per share.
The Sat Kartar Shopping IPO bidding opened for subscription on January 10, 2025 and will close on January 14, 2025. The allotment for the Sat Kartar Shopping IPO is expected to be finalised on Wednesday, January 15, 2025. Sat Kartar Shopping IPO will be listed on NSE SME with a tentative listing date fixed as Friday, January 17, 2025.
The minimum lot size for an application is 1,600. The minimum amount of investment required by retail investors is Rs 1,29,600. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to Rs 2,59,200.
Narnolia Financial Services Ltd is the book running lead manager of the Sat Kartar Shopping IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Sat Kartar Shopping IPO is Prabhat Financial Services Ltd.
