Subam Papers IPO and Paramount Dye Tec IPO are both SME IPOs. The management of Subam Papers intends to mop up Rs Rs 93.70 crore through this IPO while and Paramount Dye authorities have planned to raise Rs 28.43 crore from the market.
The price of an equity share of Subam Papers has been fixed between Rs 144 and Rs 152, while the price band of a share of Paramount Dye Tec is Rs 111-117.
Subam Papers subscription status
Till the morning of October 3, the issue of Subam Papers was subscribed 3.29 times, while its retail portion has 5.47 times oversubscription. The portion for Non-Institutional Investors was subscribed 2.59 times.
Subam Papers GMP, allotment
According to investorgain, the Subam Papers GMP stood at Rs 60 on October 3. With a share price of Rs 152, the listing gain is 39.47%. It is an unofficial estimate and is liable to change with time.
The GMP steadily rose from 0 on September 26 to Rs 15 on September 27, Rs 40 on September 28, Rs 55 on September 29, Rs 60 on September 30 and has been ruling at that level since. For a retail investor, the minimum lot has 800 shares. It will need an amount of Rs 121,600.
Allotment of shares of Subam Papers will take place on October 4, while listing will take place on October 8 at BSE SME.
Paramount Dye subscription status, GMP
Like Subam Papers the issue of Paramount Dye Tec IPO has been subscribed too. Overall it has been subscribed 1.51 times. The retail part has been oversubscribed 2.82 times, while the NIB part has been subscribed 0.46 times.
According to investorgain, the GMP of Paramount Dye Tec was recorded at Rs 23 on October 3. If you consider Rs 117 as the price of a share, the listing price can be Rs 140, which makes a listing gain of 19.6%. However, please remember that GMP is an unofficial estimate only.
Paramount Dye allotment
The allotment of Paramount Dye shares will take place on October 4. The listing will take place at NSE SME on October 8.
The minimum investible lot of the equity shares of this company is 1,200. It will need an investment of Rs 1.4 lakh.
(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.)
SME IPOs: Both Subam Papers and Paramount Dye Tec are SMEs that have raked up good oversubscriptions. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
