The initial public offering space is humming with activity. There are a huge number of issues being rolled out and what is even more important is that they are being lapped up by investors. Whether they are small or big seems to be of little consequence as the investors seem to have permanently jumped onto the IPO bandwagon. Also, whether they are in it for the long-term or short is still not clear, but they are very much there to make a profit. And now, we have the Divine Power IPO subscription that is doing quite well. Not only is its subscription rocketing, the same seems to apply to its grey market premium. Subscription for the IPO had started on Tuesday, June 25, 2024 and the status is very positive. Divine Power Energy is a manufacturer of insulated and bare copper and aluminum wires and strips. So, check out the Divine Power IPO GMP today.
Divine Power IPO GMP today
Divine Power SME IPO has attracted a lot of investor interest. And that means the Divine Power IPO GMP today got boosted too in the grey market.
Divine Power IPO GMP today is Rs 61 per share, according to Investor Gain, but the update is of yesterday’s, June 26 and not today. Divine’s IPO price band’s upper limit of Rs 36- Rs 40 and GMP, its shares may grab listing gains of 152.50% at Rs 101!
But beware, GMP is not an official number. Divine Power IPO is an SME offer and it will be listed on NSE SME index.
Divine Power IPO Subscription Status
Divine Power IPO subscription status has been riding high and had reached 39 times its total issue size of Rs 22 crore on Wednesday, June 26, 202 with retail investors gung-ho about it the most.
QIB: 12,17,110 Shares (28.74%)
NII: 9,05,134 Shares (21.38%)
Retail: 21,11,978 Shares (49.88%)
Divine Power IPO Allotment Date
Once the subscription is over, those investors who got shares, would be eager to find out and that will happen only during the Divine Power IPO allotment, whose date is Friday, June 28, 2024. Those who got lucky will see shares in their demat account from July 1 and the the refund process will start the same day too.
Divine Power IPO details
1. Divine Power IPO expected listing date is on Tuesday, July 2.
2. Divine Power IPO Size: It is a fresh issue of 56.9 lakh number of equity shares of worth Rs 22 crore. There is no Offer For Sale (OFS) component.
3. Divine Power IPO price band is Rs 36-40 per share.
(Disclaimer: This article is only meant to provide information. News9live.com does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Check Divine Power IPO GMP today and much more as investors lap up this offering. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
