Shivam Chemicals IPO: Issue subscribed 35% so far on day 1; check GMP today, price band, other key details of SME IPO

Shivam Chemicals IPO is an SME IPO and the equity shares of the institution volition database connected BSE SME.

Let america cheque Shivam Chemicals IPO GMP today, subscription presumption and different cardinal details.

Shivam Chemicals IPO Subscription Status

Shivam Chemicals IPO has been subscribed 0.35 times truthful acold connected April 23, the archetypal time of the bidding process. The nationalist contented received bids for 15.33 lakh equity shares arsenic against 43.56 lakh shares connected the offer, arsenic per information disposable till 12:30 pm.

The nationalist contented was subscribed 0.61 times successful the retail class and 0.09 times successful the Non-Institutional Investors (NII) class truthful far.

Also Read: Ramdevbaba Solvent shares database with implicit 31% premium astatine ₹112 apiece connected NSE SME

Shivam Chemicals IPO GMP Today

Shivam Chemicals IPO is not commanding immoderate premium oregon discount successful the grey market, arsenic per marketplace observers. This is due to the fact that Shivam Chemicals IPO GMP today, oregon grey marketplace premium, is 0.

Shivam Chemicals IPO Details

Shivam Chemicals IPO opened for subscription today, Tuesday, April 23, and volition adjacent connected Thursday, April 25. The IPO allotment is expected to beryllium finalized connected April 26 and Shivam Chemicals shares volition beryllium listed connected BSE SME with a tentative listing day fixed arsenic April 30.

Shivam Chemicals IPO is an SME IPO and a fixed terms contented of ₹20.18 crore which is wholly a caller contented of 45.87 lakh equity shares. The institution has fixed Shivam Chemicals IPO terms set astatine ₹44 per share. The IPO batch size is 3,000 shares and the minimum concern magnitude required by retail investors is ₹132,000. 

Also Read: JNK India IPO opens today: GMP, subscription status, review, price, different details. Apply oregon not?

The institution proposes to utilize the nett IPO proceeds towards backing moving superior requirements, concern successful a subsidiary institution for financing the augmentation of its moving superior capabilities and wide firm purposes.

Aryaman Financial Services is the book-running pb manager of the Shivam Chemicals IPO, portion Cameo Corporate Services is the IPO registrar.

Sanjiv Vasant, Soham Vasant and Shivam Vasant are the promoters of Shivam Chemicals. The institution is engaged successful distributing carnal provender oregon poultry products and is besides successful the concern of manufacturing hydrated lime.

Read each IPO quality here

Unlock a satellite of Benefits! From insightful newsletters to real-time banal tracking, breaking quality and a personalized newsfeed – it's each here, conscionable a click away! Login Now!

Published: 23 Apr 2024, 12:35 PM IST