Mumbai: Onyx Biotec IPO, a book built issue of Rs 29.34 crore, is closing for subscription on November 18, 2024. Subscription data shows that the public offer has fetched huge interest among the investors. Latest data showed that Onyx Biotec IPO received a subscription of 23.34 times. Onyx Biotec IPO price band is set at Rs 58 to Rs 61 per equity share.
The SME category IPO has created some amount of buzz in the grey market. Onyx Biotec IPO GMP today stood at Rs 10. With the price band of Rs 61, the shares of the company are expected to be listed at Rs 71, indicating a percentage gain of 16.39 per cent, investorgain reportred. GMP figures are not official.
Onyx Biotec IPO GMP, subscription status
Retail category: The IPO received a subscription of 34.79 times.
QIB category: The public offer did not fetched a single subscription
NII category: This category received a subscription of 27.68 times.
Onyx Biotec IPO allotment is expected to take place on November 19, 2024. The shares are likely to be credited to the demat accounts of eligible investors on 20 November. Onyx Biotec shares will list on NSE SME with a tentative date November 21.
The retail investors are required to bid for a minimum lot size of 2000 shares, for which one has to make a minimum investment of Rs 122,000. HNI category investor are mandated to bid for 2 lots, amounting to Rs 244,000.
Onyx Biotec IPO book running lead manager: Horizon Management Private Limited. Mas Services Limited is the registrar for the issue while Giriraj Stock Broking is the market maker.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Onyx Biotec IPO will close for subscription on November 18, 2024. The SME IPO GMP is around 16 percent. The IPO will likely be alloted on November 19. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
