Supreme Facility Management, a SME IPO made its debut on the NSE Emerge platform on Wednesday (December 18) marking a flat listing with the shares opening at Rs 75, a slight 1.33 per cent discount from the issue price of Rs 76.
As of 11:50 AM IST, the shares of the company were trading at Rs 71.25, down by 5 per cent.
GMP
Ahead of the official listing of the issue, in the grey market, the shares of the company were trading at Rs 24, with an estimated listing of Rs 100, indicating a gain of 31.58 per cent.
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Details of the IPO
A Pune based company, Supreme Facility Management launched its Rs 50 crore IPO on December 11. The issue was priced in a band between Rs 72 to 76 per share.
The IPO was subscribed by 25.71 times on December 13, the final day of bidding. Investors bought 16.91 crore shares against an offer size of just 65.79 lakh shares.
Retail investors showed the most interest, with their portion oversubscribed 42.49 times and the Non-institutional investors followed closely, with a 15.81 times subscription in their category.
On the other hand, the portion reserved for QIBs was subscribed 8.24 times.
About the company
Supreme Facility Management is involved in services like housekeeping, sanitization, pest control, horticulture, plumbing and maintenance, and corporate food solutions.
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