News Eagle India
Buisness

Finalized: The Latest GMP’s Suggestions for Listing on February 12 for the Italian Edibles IPO Allotment

Share

<p>The Italian Edibles IPO’s share allocation has been finalized. The IPO concluded on February 7. On the website of its registrant, Bigshare Services Pvt Ltd, investors may see the status of the allocation. Here’s how to see the listing date, GMP, and allocation status as of right now.</p>
<p><img decoding=”async” class=”alignnone wp-image-392819″ src=”https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-finalized-the-latest-gmps-suggestions-for-listing-on-february-12-for-the-italian-e.jpg” alt=”theindiaprint.com finalized the latest gmps suggestions for listing on february 12 for the italian e” width=”1002″ height=”668″ title=”Finalized: The Latest GMP's Suggestions for Listing on February 12 for the Italian Edibles IPO Allotment 15″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-finalized-the-latest-gmps-suggestions-for-listing-on-february-12-for-the-italian-e.jpg 510w, https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-finalized-the-latest-gmps-suggestions-for-listing-on-february-12-for-the-italian-e-150×100.jpg 150w” sizes=”(max-width: 1002px) 100vw, 1002px” /></p>
<p>The IPO attracted nearly 154 times the subscription on the last day of bidding, February 7, resulting in offers for 57,44,78,000 shares vs the 37,20,000 shares that were offered. The non-institutional investor (NII) category quota garnered 177.37 times the subscription as did the retail category, which received 120.62 times the subscription.</p>
<p>The public subscription period for the Rs 26.66-crore SME IPO was available from February 2 to February 7.</p>
<p>On February 12, 2024, the Italian Edibles IPO listing will occur on the NSE SME.</p>
<p><strong>How to Verify the Allotment Status for Italian Edibles IPO</strong></p>
<p>The website of Bigshare Services displays the allocation status for the Italian Edibles IPO. Here’s how to check the progress of your Italian Edibles IPO application step-by-step:</p>
<p>1) Go to https://www.bigshareonline.com/ipo_Allotment.html to see the Bigshare Services Pvt Ltd website.</p>
<p>2) From here, you must choose one of the three servers that are accessible.</p>
<p>3) Using the dropdown menu, choose the IPO’s name. The name won’t appear till the share allocation procedure is complete.</p>
<p>4) You must choose from the following three modes: PAN ID, Beneficiary ID, or Application number.</p>
<p>5) Type in the specifics of the option you chose in Step 3.</p>
<p>6) Select the search menu item.</p>
<p>You may now see your allotment status.</p>
<p><strong>IPO GMP for Italian Edibles Today</strong></p>
<p>Market watchers claim that unlisted shares of Italian Edibles Ltd. are selling on the gray market for Rs. 18 more than the company’s issue price. The grey market anticipates a 26.47 percent listing gain from the public offering, as shown by the Rs 18 grey 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>Italian Foods IPO Specifics</strong></p>
<p>39.2 lakh shares were issued wholly anew in the Italian Edibles IPO. The Italian Edibles initial public offering (IPO) was set at Rs 68 per share.</p>
<p>A minimum of 2,000 shares was required for an application lot size. Retail investors were required to make a minimum investment of Rs 1,36,000. For HNIs, the minimum lot size investment was two lots (4,000 shares), or Rs 2,72,000.</p>
<p>Bigshare Services Pvt Ltd is the registrant for the Italian Edibles IPO, while First Overseas Capital Limited is the book-running lead manager. The Italian Edibles IPO market maker is Nikunj Stock Brokers.</p>


Share

Related posts

Between April and June 2023, credit card payment defaults in India increase to 2.94%

cradmin

Adani Returns To The Top 20 Billionaire List, With Stocks Closing Up 9% On A Day of BJP Victory In Four States

cradmin

Market Unrest: Nykaa Shares Fall 11%; What Comes Next?

cradmin