Kolkata: Both Scoda Tubes and Prostarm Info Systems issues are mainboard IPOs which are open for bidding. Both issues consist of fresh shares only. The Scoda Tubes IPO has a target of raising Rs 220.00 crores from the market and the issue comprises only fresh issue of 1.57 crore shares. Prostarm Info Systems IPO is designed to raise Rs 168.00 crore and it consists of a fresh issue of 1.60 crore shares.
Scoda Tubes GMP, allotment date
The GMP of Scoda Tubes IPO rose from Rs 16 on May 23-25 to Rs 22 on May 26 and has stayed at that level since then. It signals a listing gain of 15.71%. The issue price of this IPO is Rs 140 and, therefore, the listing price could be Rs 162. However, it must be remembered that GMP is an unofficial indicator that guarantees nothing — listing gain or loss.
The allotment for Scoda Tubes IPO is to be finalised on June 2, 2025. The shares will be listed on BSE, NSE on Wednesday, June 4, 2025. The Scoda Tubes price band is Rs 140 which means the application money for the minimum lot size of 100 shares is Rs 14,000. The minimum lot size investment for sNII is 15 lots (1,500 shares), amounting to Rs 2.10 lakh. The refunds will be initiated on June 3, 2025.
Prostarm Info Systems IPO GMP, allotment date
The Prostarm Info Systems IPO stood at Rs 24 on May 29, which indicates a listing price of 22.86%. The date of allotment for Prostarm Info Systems shares will take place on May 30, 2025. It will be list on BSE, NSE on June 3, 2025.
The Prostarm Info Systems IPO price band is Rs 105 per share and the minimum lot size is 142 shares. The minimum amount that a retail investor will need for bidding is Rs 14,910. The minimum lot size investment for sNII is 14 lots (1,988 shares) which will need Rs 2,08,740.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, precious metals, commodity, any form of alternative investment instruments and crypto assets.)
Scoda Tubes IPO opened for bidding on May 28 and will close on May 30 while Prostarm Info Systems IPO opened on May 27 and will close for bidding today (May 29). Both issues consist of fresh issues only. The GMPs of both issues are positive. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
