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Unlisted shares of Davin Sons Retail Ltd are buying and selling at Rs 55 apiece within the gray market, which is zero GMP over the IPO worth of Rs 55. It signifies a flat itemizing on January 9.
Davin Sons Retail IPO.
Davin Sons IPO: The preliminary public provide (IPO) of Davin Sons Retail Ltd has been opened for public subscription on Thursday. The worth of the Rs 8.78-crore BSE SME IPO has been fastened at Rs 55. Till 11:49 am on the primary day of bidding on Thursday, the IPO bought a 100 per cent subscription receiving bids for 15,14,000 shares towards 15,16,001 shares on provide.
So far, the non-institutional buyers (NII) class has acquired an 0.17 instances subscription, whereas the quota for retail buyers bought subscribed by 1.83 instances.
The IPO might be closed on Monday, January 6.
Davin Sons IPO GMP Today
According to market observers, unlisted shares of Davin Sons Retail Ltd are buying and selling at Rs 55 apiece within the gray market, which is zero GMP over the IPO worth of Rs 55. It signifies a flat itemizing on January 9.
Davin Sons Retail IPO: More Details
The Davin Sons IPO is fully a recent problem of 15.96 lakh shares. Its worth has been fastened at Rs 55 per share.
The IPO bidding has been opened on January 2, 2025, and can shut on January 6, 2025. The allotment for the Davin Sons IPO is anticipated to be finalised on Tuesday, January 7, 2025. It will listing on BSE SME with tentative itemizing date fastened as Thursday, January 9, 2025.
For buyers, the minimal lot dimension for an software is 2,000. The minimal quantity of funding required by retail buyers is Rs 1,10,000. The minimal lot dimension funding for HNI is 2 tons (4,000 shares) amounting to Rs 2,20,000.
Navigant Corporate Advisors Ltd is the ebook working lead supervisor of the Davin Sons IPO, whereas Kfin Technologies Limited is the registrar for the problem.The market maker for Davin Sons IPO is Aftertrade Broking Pvt Ltd.
