Hamps Bio, a pharmaceutical products supplier, which ran its IPO from December 13 to December 17 made its debut on the BSE SME platform on Friday (December 20) listing at Rs 96.90 over the issue price of Rs 51. The shares of the company debuted at a premium of 90 per cent on the BSE SME platform.
Grey market Premium (GMP) of Hamps Bio IPO
Hours before the official listing of the company on the Indian bourses, the GMP of Hamps Bio IPO was trading at Rs 60, with an estimated listing of Rs 111 per share, marking a 117.65 per cent gain in the grey market, an unofficial marketplace to trade shares.
Hamps Bio IPO – Subscription details
The SME public issue, garnered a 1,057 times subscription. The retail category lead the charge, with subscriptions soaring 1,342.04 times, while non-institutional investors (NII) subscribed 758.27 times.
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Hamps Bio IPO consisted entirely of a fresh issue of 12.2 lakh shares, with an aim of raising Rs 6.22 crore. Priced at Rs 51 per share, the minimum application size was set at 2,000 shares, requiring retail investors to invest Rs 1,02,000.
Furthermore, for high-net-worth individuals (HNIs), the minimum investment was two lots, totaling to a sum of Rs 2,04,000.
The issue allocation of Hamps Bio IPO was structured among various investor categories as follows. Half of the shares, or 50 per cent, were reserved for Qualified Institutional Buyers (QIBs), while 35 per cent were allocated to retail investors. Furthermore, the remaining 15 per cent was set aside for Non-Institutional Investors (NIIs).
Purpose Behind the Fundraising
Hamps Bio plans to channel the IPO proceeds into growth-focused initiatives which includes purchasing advanced machinery for its FMCG division, then enhancing its brand visibility, and covering general corporate expenses.
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Key Stakeholders in the Issue
Marwadi Chandarana Intermediaries Broker served as the book-running lead manager for the SME public issue. On the other side, Bigshare Services acted as the registrar.
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