New Delhi: VVIP Infratech IPO GMP today shot up ahead of day three of the Rs 61 crore Small and Medium Enterprise (SME) Initial Public Offer (IPO). While, VVIP Infratech IPO Subscription Status has also been impressive. Retail investors have heavily subscribed to the public issue. Indications from the grey market are that the sewage treatment solutions provider, VVIP Infratech Limited might have strong listing gains.
VVIP Infratech IPO GMP today
According to Investor Gain, VVIP Infratech IPO GMP today has increased to Rs 85. The premium of the company’s stock has been on an upward trajectory in the grey market in last few days. Considering the latest GMP and VVIP Infratech IPO price band upper limit of Rs 91-93, it can be estimated that the company might may have listing gains of 91 per cent on BSE SME. Albeit, GMP cannot be considered as an official figure.
VVIP Infratech IPO Subscription Status
VVIP Infratech IPO Subscription Status was full 26 times ahead of day three on Thursday. The stake sale process garnered higher interest from retail investors than Non-Institutional Investors (NIIs) and Qualified Institutional Buyers (QIBs). VVIP Infratech IPO retail subscription status stood at 38x while, NIIs’ category was oversubscribed 28 times and QIBs only 4X.
VVIP Infratech IPO Review
Stock market expert Arun Mantri has given subscription rating to the SME IPO. Mantri said to Money9, “I think the company can give good listing gains to IPO allotees given that it is a fresh issue and the segment the company is operational in.”
The company is operational in water treatment and EPC segment. Mantri added, “ This sector can do well in future.”
VVIP Infratech IPO Allotment Date
VVIP Infratech IPO allotment date is expected to be Friday, July 26. Refund process should commence from the following day. The SME IPO shares of the infrastructure company will tentatively list on Tuesday, July 30.
VVIP Infratech IPO Details
The minimum lot size is 1,200 shares. Retail investors will have to invest minimum of Rs 1.09 lakh to participate in the bidding process. The issue is entirely a fresh issue of 65.82 lakh shares. The subscription process opened on July 23.
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VVIP Infratech IPO GMP today shot up on Thursday, July 25, 2024. Stock market expert Arun Mantri has given subscription rating to the SME IPO. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
