Mumbai: Two SME IPOs – Subam Papers IPO and Paramount Dye Tec IPO opened for subscription on September 30, 2024 and end on October 3. While Subam Papers shares are trading at a premium of around 39 per cent, Paramaount Dye IPO is yet to make any poistive movement in the grey market.
Subam Papers, engaged in the business of manufacturing Kraft Paper and paper products, is a book built issue of Rs 93.70 crore. Subam Papers IPO price band is fixed in the range of Rs 144-152 per equity share. The retail investors are required to apply for a minimum lot size of 800 shares, amounting to Rs 121,600. In the HNI category, bidding for 2 lots is mandatory, for which Rs 243,200 is required.
Subam Papers IPO GMP, allotment
Subam Papers IPO latest GMP was recorded at Rs 60, investorgain reported. With the price band of Rs 152, the shares are expected to be listed at Rs 212, which means a gain of around 40 per cent.
The Subam Papers IPO allotment is expected on October 4, 2024. The refunds process is likely to begin on October 7. The shares are expected to be credited to the demat accounts on October 7. Subam Papers IPO will list on BSE SME tentatively on 8th October.
Subam Papers IPO book running lead manager: Gretex Corporate Services Limited.
Bigshare Services Pvt Ltd is the registrar for the issue.
Gretex Share Broking is the market maker of the IPO.
Paramount Dye Tec IPO GMP, price, allotment
Paramount Dye Tec IPO is a book built issue of Rs 28.43 crore. The price band is set at Rs 111-117 per equity share. The SME is yet to create any buzz in the grey market. Paramount Dye Tec SME IPO GMP is placed at Rs 0, as per today morning, investorgain stated.
Minimum lot size for retail investors: 1200 shares, amounting to Rs 140,400.
HNI category: Application for 2 lots is mandatory, amounting to Rs 280,800.
Paramount Dye Tec IPO expected allotment on October 4, 2024.
Paramount Dye Tec IPO will list on NSE SME with a tentative date October 8.
Gretex Corporate Services Limited is the book running lead manager.
Bigshare Services Pvt Ltd is the registrar for the issue.
Gretex Share 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.)
SME IPOs open: Subam Papers IPO and Paramount Dye Tec IPO are open for subscription. Subam Papers IPO GMP is around 40 per cent. Paramount Dye Tec is yet to make any buzz in the greay market. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
