Both HVAX Technologies and Saj Hotels IPOs are SME issues. Though they have been rather cold-shouldered in the grey market, both issues have been oversubscribed by a significant margin on the penultimate day of the close of the bidding process.
Saj Hotels is raising Rs 27.63 crore through an issue of 42.5 lakh fresh shares. HVAX Technologies wants to mop-up Rs 33.53 crore by issuing 7.32 lakh shares. None has any OFS component.
Saj Hotels subscription status
The Saj Hotels IPO has been subscribed 2.34 times overall and its retail portion has attracted applications 1.34 times of the shares on offer.
The allotment of Saj Hotels shares will take place on October 3. The shares could be listed on NSE SME on October 7, 2024.
Saj Hotels price band, GMP
An equity share of Saj Hotels has been priced at Rs 65. The minimum lot size of 2,000 shares means the minimum amount a retail investor has to put in is Rs 1.3 lakh.
Saj Hotels has failed to elicit a positive GMP so far. Till the morning of October 1, the GMP was nil, according to investorgain. However, GMP is only an unofficial estimate.
HVAX Technologies subscription status
The IPO of HVAX Technologies has been subscribed 4.17 times overall and its retail portion has attracted a subscription of 2.43 times.
HVAX Technologies IPO is a book-built issue of Rs 33.53 crores. The issue is entirely a fresh issue of 7.32 lakh shares.
HVAX Technologies IPO bidding opened for subscription on September 27, 2024 and will close on October 1, 2024. The allotment for the HVAX Technologies IPO is expected to be finalized on Thursday, October 3, 2024. HVAX Technologies IPO will list on NSE SME with tentative listing date fixed as Monday, October 7, 2024.
HVAX Technologies price band, GMP
An equity share of HVAX Technologies has been priced between Rs 435 and 458. Since the minimum lot comprises 300 shares, a retail investor needs to put in Rs 1.37 lakh.
However, the GMP on the morning of October 2, stood at nil, according to investorgain.
(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.)
Thanks to the tsunami of investment in IPOs, both issues of Saj Hotels and HVAX Technologies were oversubscribed well ahead of the last day of bidding. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
