Kolkata: Solarium Green Energy IPO and Readymix Construction Machinery IPO belong to the SME category of issues. The bidding process for both IPOs opened on February 6 and they will remain open till February 10. While Solarium Green Energy will raise Rs 105.04 crore through its issue, Readymix Construction Machinery issue will raise Rs 37.66 crores.
The GMP of both Solarium Green Energy IPO and Readymix Construction Machinery IPO stood in the positive territory on the morning of Friday, February 7. The GMP (Grey market Premium) of Solarium Green Energy IPO was at Rs 10, while the GMP of Readymix Construction Machinery stood at Rs 9.
Solarium Green Energy IPO GMP, price band, lot size
According to investorgain, Solarium Green SME IPO GMP stood at Rs 10 on February 7 morning. Since the price of a share is Rs 191, the GMP indiactes a listing price of Rs 201 and a listing gain of 5.24%. However, it must be remembered that GMP is an unofficial indicator that changes with time and does not guarantee either a listing gain, or loss.
Solarium Green IPO opened for bidding on February 6 and will close on February 10. Allotment for Solarium Green shares will take place on February 11, and the shares will list on BSE SME on February 13. Refund of application money to unsuccessful bidders will take place on February 12. A share has been placed in the price band of Rs 181-191, while the minimum investible lot has 600 shares for which an application amount of Rs 1,14,600 is need for retail investors.
Readymix Construction Machinery IPO
Investorgain data show Readymix Construction IPO GMP was at Rs 9 on February 7, which indicates a listing gain of 7.32%. The issue intends to raise Rs 37.66 crores and consists of only fresh shares numbering 30.62 lakh. Bidding opened on February 6 and will continue till February 10. Allotment for Readymix Construction shares will take place on February 11 and the scrip will list in NSE SME segment on February 13. The price band of Readymix Construction IPO is at Rs 121-123. The smallest lot has 1,000 shares that will need an amount of Rs 1.23 lakh. Allotment date is February 11 while refund of application money will take place on February 12.
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Both Solarium Green Energy and Readymix Construction Machinery IPOs are SME IPOs. The bidding process for both IPOs opened on February 6. While Solarium Green Energy will raise Rs 105.04 crore through its issue, its price band is Rs 181-191 and GMP on February 7 morning was Rs 10, Readymix Construction Machinery issue will raise Rs 37.66 crores. Its price band is Rs 121-123 and GMP stood at Rs 9. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
