New Delhi: Two SME IPOs – SA Tech Software India Limited IPO and Espirit Stones Limited IPO – are all set to close for subscription on July 30, 2024, i.e, today. The two SME Initial Public Offer opened for subscription on July 26.
SA Tech Software IPO GMP, subscription status
S A Tech Software IPO, a book built issue of Rs 23.01 crore, has been subscribed 161.25 times in the retail category, 9 times in Qualified Institutional Buyer (QIB), and 87.51 times in the Non-Institutional Investor (NII) category till July 29, Chiitorgarh.com reported.
S A Tech Software India IPO GMP is going very strong. The grey market premium of the IPO stands at Rs 70 per share (around 118 per cent), investorgain.com reported. The GMP indicates bumper listing of shares as they are trading at Rs 129 apiece in the grey market.
The S A Tech Software India IPO is expected to be allotted on July 31, 2024 and the SME IPO will list on NSE SME with a tentative date fixed as August 2. The process of initiation of refunds to unsuccessful investors will begin on August 1, while the shares are likely to be credited to the demat accounts of eligible applicants on 1st August.
SA Technologies is engaged in the business of providing IT outsourcing solutions and Global Development Centers (GDCs). Its services include giving individual support to large-scale enterprise transformations.
Espirit Stones IPO GMP, subscription status
Esprit Stones IPO price range is fixed in the range of Rs 82–87 per share, having a face value of Rs 10. As per the reports, Esprit Stones IPO has been subscribed 17.49 times, with retail category subscription reaching the levels of 27.44, 3.50 times in QIB, and 15.60 times in the NII category by July 29, 2024 (Day 2).
Esprit Stones SME IPO GMP is going strong at Rs 45, which means the shares are expected to be listed at over 50 per cent premium, as per investorgain. Esprit Stones SME IPO’s estimated listing price is Rs 132 as per latest GMP data.
Esprit Stones IPO is expected to be allotted on July 31, 2024 with the initiation of refunds likely to take place on August 1. The shares of the company engaged in the manufacturing of engineered quartz and marble surfaces are expected to be credited to the demat accounts of eligible investors on 1. The Espirit Stones shares are likely to make debut on August 2.
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SA Tech Software India IPO GMP indicates 118 per cent premium. Espirit Stones IPO GMP indicates over 50 per cent listing of the shares. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
