New Delhi: The sentiment of investors on the stock markets is sky-high and the same is being reflected in the primary issues space. Petro Carbon IPO subscription is open and it is doing rather well for itself. And keeping pace with that is the Petro Carbon IPO GMP today, which has risen dramatically. Indeed, all those investors looking to maximise profits will be eying Petro Carbon IPO GMP today and how it moves over the next few days.
Petro Carbon IPO GMP today
Significantly, Petro Carbon IPO GMP today stood at around Rs 110 per share, according to IPOWatch. Considering Petro Carbon IPO price band’s upper limit of Rs 162- Rs 171 and the stock’s current GMP, the company’s shares may have listing gains of over 64 per cent on NSE SME index. However, the grey market premium cannot be considered as an official number.
Petro Carbon IPO Subscription Status
Petro Carbon IPO subscription status reached 4.55 times its total issue size of Rs 113 crore by 3 pm on Wednesday, June 26, 2024. The SME IPO has so far got maximum traction by retail investors. Petro carbon IPO retail subscription reached almost eight times the alloted portion. While, Non-Institutional Investors’ (NIIs) subscription also stood at slight above four times the respective reserved portion.
Petro Carbon IPO Allotment Date
The expected Petro carbon IPO allotment date is Friday, June 28, 2024. IPO allottees can find reflection of shares of the company in their demat account from subsequent day i.e. from July 01, 2024. The refund process for those who wouldn’t get subscriptions would also commence from July 01.
Also read: Diensten Tech IPO Details
Expected Petro Carbon IPO Listing Date
Petro Carbon IPO expected listing date is on Tuesday, July 02, 2024 on the NSE SME Index. According to the capital market regulator, Sebi, shares of any company’s IPO should be listed on the exchanges within next three business days of the closing date of the IPO.
Petro Carbon IPO Size
The public issue is entirely a fresh issue of equity shares worth Rs 113 crore. Promoters don’t intend to sale any stake in the company. Hence, Petro Carbon and Chemicals IPO doesn’t comprise any Offer For Sale (OFS). The IPO price band is fixed at Rs 162-171 per share.
Petro Carbon IPO Structure
Retail investors will have to invest a minimum of Rs 1.36 lakh in the SME IPO. Small investors can bid for 800 shares in one lot and in multiples thereafter.
Also read: Akme Fintrade IPO Details
About Petro Carbon And Chemicals Limited (PCCL)
Incorporated in 2007, Petro Carbon And Chemicals Limited (PCCL) is specialised in the manufacture and supply of Calcined Petroleum Coke. The products manufactured by the company cater to various industries like mining, iron and steel, power, etc.
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Petro Carbon IPO GMP today is Rs 110. This signifies the company’s shares may list at around 64 per cent premium on expected listing date. Petro Carbon IPO Subscription Status is also impressive. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
