Hamps Bio IPO: GMP soars ahead of tomorrow’s BSE SME listing and other details

Hamps Bio IPO, a fixed-price issue set to list on the BSE SME platform on tomorrow, (December 20). Ahead of its listing, the SME issue has garnered significant investor attention, with its grey market premium (GMP).

GMP

As per the latest trend, the GMP of Hamps Bio IPO was trading at Rs 55, with an estimated listing of Rs 106 per share or marking a 107.84 per cent gain, ahead of the listing.

The GMP of Rs 106 per share in the unofficial market reflects strong sentiment around the IPO.

Subscription Numbers

The SME IPO, opened for bidding from December 13 to December 17 and received an overwhelming participation. By the end of the final day, the issue was subscribed by 1,057 times.

Retail investors category of the issue saw a subscription rate of 596.06 times, while non-institutional investors subscribed 116.16 times.

Also Read: International Gemological Institute IPO 2024 live updates: Check IPO allotment status, GMP, subscription status, and other details

The issue is structured to allocate 50 per cent of the shares to qualified institutional buyers (QIBs), 35 per cent to retail investors, and 15 per cent to non-institutional investors.

Hamps Bio’s IPO is entirely a fresh issue, offering 12.2 lakh shares to raise Rs 6.22 crore.

The price is fixed at Rs 51 per share, with a minimum application size of 2,000 shares. This translates to a minimum investment of Rs 1,02,000 for retail investors. High-net-worth individuals (HNIs) need to invest in at least two lots, amounting to a sum of Rs 2,04,000.

Purpose of the IPO

The proceeds from the issue will be utilised to enhance specific growth initiatives, including purchasing machinery for the FMCG division, enhancing brand visibility, and general corporate expenses.

 » Read More

Related Articles

How will markets open today? From tariffs to economic data top 7 cues ahead of trade on March 10

The GIFT Nifty indicated that the Indian equity indices will open on a flat to negative note as they take indications from early trading Asian indices that were trading mixed. The US markets closed the session on a positive note on Friday. However, last week, investor sentiment was struck by a salvo of tariff news. 

Upcoming Dividend, Bonus, Stock Split: BEL, Sun TV and 9 more stocks- Key corporate action you need to know

Investors, gear up. This week (March 9-15) is packed with full of key corporate actions, from dividend payouts to stock splits and bonus issues. Several well-known companies, including Bharat Electronics (BEL), Sun TV, GR Infra, and HUDCO, are set to trade ex-date. Let’s take a look into the details of what is happening and how

Stocks To Watch: HCL Tech, Tata Power, HUL, and others

The stock market is buzzing with action. If you’re confused about which stocks to keep an eye on, here is a comprehensive overview of all the stock-related news that made headlines. You can keep a hawk-eye on these stocks today, March 10. Stocks in Focus: From HCL Technologies to Tata Power, you can read about

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

How will markets open today? From tariffs to economic data top 7 cues ahead of trade on March 10

The GIFT Nifty indicated that the Indian equity indices will open on a flat to negative note as they take indications from early trading Asian indices that were trading mixed. The US markets closed the session on a positive note on Friday. However, last week, investor sentiment was struck by a salvo of tariff news. 

Upcoming Dividend, Bonus, Stock Split: BEL, Sun TV and 9 more stocks- Key corporate action you need to know

Investors, gear up. This week (March 9-15) is packed with full of key corporate actions, from dividend payouts to stock splits and bonus issues. Several well-known companies, including Bharat Electronics (BEL), Sun TV, GR Infra, and HUDCO, are set to trade ex-date. Let’s take a look into the details of what is happening and how

Stocks To Watch: HCL Tech, Tata Power, HUL, and others

The stock market is buzzing with action. If you’re confused about which stocks to keep an eye on, here is a comprehensive overview of all the stock-related news that made headlines. You can keep a hawk-eye on these stocks today, March 10. Stocks in Focus: From HCL Technologies to Tata Power, you can read about

Dipanjan Basu: Middle class is evolving, not shrinking

Fireside Ventures, which has backed brands like Mamaearth, BoAt, Slurrp Farm, cult.fit, Pilgrim and The Sleep Company, believes the middle class isn’t shrinking but evolving into multiple consumer personas. Dipanjan Basu, co-founder and partner at Fireside Ventures, tells Anees Hussain that this transformation presents an opportunity for new brands that established players struggle to address.

23k in sight, but expect bears to launch an offensive

By Anand James We started last week pointing at the seasonality advantage that March holds, in a frantic search for a glimmer of hope amidst the sell on rallies mode that had persisted until then. One of the silver linings was that since 2016, when the Nifty Midcap150 and Smallcap250 indices experienced two consecutive months