Mumbai: SD Retail Limited IPO and Phoenix Overseas IPO are set to open for subscription on September 20 and end on 24th September. The GMP of both the SMR IPOs are indicating a decent listing. The price band of SD Retail is 124-131 per share, while Phoenix IPO price is Rs 61-64 per equity share.
SD Retail IPO GMP, price, allotment
SD Retail IPO, a book built issue of Rs 64.98 crores, will open for subscription on September 20, 2024, i.e., Friday and close on 24th September. The SME IPO price band is fixed in the range of Rs 124-131 per equity share, for which one has to bid for a minimum lot size of 1000 shares. The investors are required to make a minimum amount of investment of Rs 131,000 for a single lot. Investors applying in the category of HNI, are required to apply for a minimum lot size of 2,000 shares, amounting to Rs 262,000.
SD Retail Logo IPO GMP stood at Rs 35 on September 20 morning, investorgain reported. With the price band of Rs 131, the shares are likely to be listed at Rs 166, a gain of around 26 per cent.
Phoenix Overseas IPO is commanding a decent price in the grey market. The Phoenix Overseas IPO was placed at Rs 10 this morning. With the price band of 64, the shares are expected to get listed with around 15 per cent gains, as per the GMP today, investorgain reported.
SD Retail came into existence in May 2004. The company is engaged in the business of sleepwear; it designs, manufactures, markets, and retails the products under the brand name SWEET DREAMS.
SD Retail IPO allotment is expected to take place on September 25, 2024 and the shares are expected to be credited to the demat accounts of eligible shareholders on 26th September. SD Retail IPO will list on NSE SME with a tentative date, September 27.
Book running lead manager of SD Retail IPO: Beeline Capital Advisors Pvt Ltd is the. Kfin Technologies Limited is the registrar for the issue while Spread X Securities is the market maker.
Phoenix Overseas IPO GMP, allotment, listing
Phoenix Overseas IPO, a book built issue of Rs 36.03 crore, opens for subscription on September 20 and ends on 24th September. Phoenix Overseas IPO price band is Rs 61-64 per equity share. The retail investors are required to bid for a minimum lot size of 2000 shares, amounting to Rs 128,000. For HNI category, the minimum lot size investment is 2 lots, i.e., 4,000 shares.
The Phoenix Overseas IPO allotment is expected to take place on September 25, 2024, while the shares will be credited to the demat accounts of successful investors on 26th September. Phoenix Overseas shares will list on NSE SME likely on 27th September 27.
Khandwala Securities Limited is the book running lead manager of the Phoenix Overseas IPO, while Cameo Corporate Services Limited is the registrar for the issue.
SME IPO alerts: SD Retail Limited IPO and Phoenix Overseas IPO are all set to open for subscription on September 20, 2024. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
