India Watch Daily

Day 2 of the Deem Roll Tech IPO: Verify Subscription Status and GMP Today

<p><strong>Deem Roll Tech IPO:</strong> Investors have responded well to the steel and alloy rolls maker Deem Roll Tech Ltd.’s initial public offering, which was made available to the general public on Tuesday, February 20. The Rs 29.26-crore SME IPO garnered 3.75 times subscription up to 11:38 am on the second day of bidding on Wednesday, resulting in offers for 80,81,000 shares vs the 21,54,000 shares that were on offer.</p>
<p><img decoding=”async” class=”alignnone wp-image-426913″ src=”” alt=” day 2 of the deem roll tech ipo verify subscription status and gmp today untitled” width=”1001″ height=”667″ title=”Day 2 of the Deem Roll Tech IPO: Verify Subscription Status and GMP Today 18″ srcset=” 510w,–150×100.jpg 150w” sizes=”(max-width: 1001px) 100vw, 1001px” /></p>
<p><strong>We will conclude the IPO on Thursday, February 22.</strong></p>
<p>The non-institutional quota attracted 1.45 times as many subscriptions as the retail sector, which received 6.04 times as many.</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 trading 45 rupees more on the gray market than at the time of issuing. The grey market anticipates a 34.88 percent listing gain from the public offering, as shown by the Rs 45 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>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>

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