MSMEStory
MSMEStory
Home > IPO Updates > Shiv Texchem IPO GMP Today & Subscription Status

Shiv Texchem IPO GMP Today & Subscription Status

Shiv Texchem IPO GMP Today Shiv Texchem IPO today gmp is  ₹35, last updated Oct 7th 2024. With…

Published On: October 7th 2024Follow Us On Google News
Shiv Texchem IPO GMP Today & Subscription Status
Share This Post Via
Table of Contents

Shiv Texchem IPO GMP Today

Shiv Texchem IPO today gmp is  ₹35, last updated Oct 7th 2024. With the price band of 166.00, Shiv Texchem SME IPO’s estimated listing price is ₹201 (cap price + today’s GMP).The expected percentage gain/loss per share is 21.08%.

We update GMP on a daily basis and based on last 5 sessions grey market activities, today IPO GMP points upward and expects a strong listing. The lowest GMP is ₹0, while the highest GMP is ₹40. Stay with us to know the daily price trend of Shiv Texchem SME IPO GMP with expected listing price.

Shiv Texchem Day-wise GMP 

GMP Date IPO Price GMP Sub2 Sauda Rate Estimated Listing Price Last Updated
08-10-2024 Open 166.00 ₹35  21300 ₹201 (21.08%) 8-Oct-2024
07-10-2024 166.00 ₹35  21300 ₹201 (21.08%) 7-Oct-2024
06-10-2024 166.00 ₹40  24300 ₹206 (24.1%) 6-Oct-2024
05-10-2024 166.00 ₹40  24300 ₹206 (24.1%) 5-Oct-2024
04-10-2024 166.00 ₹40   24300 ₹206 (24.1%) 4-Oct-2024
03-10-2024 166.00 ₹0  ₹166 (0%) 3-Oct-2024

Shiv Texchem IPO Subscription Status

Shiv Texchem IPO today subscription status stands at 0.56 times. The public issue subscribed 0.94 times in the retail category, 0.00 times in QIB, and 0.40 times in the NII category by October 8.

Investor Category Subscription (times) Shares Offered* Shares bid for Total Amount (Rs Cr.)*
Anchor Investors 1 17,39,200 17,39,200 28.871
Qualified Institutions 0.00 11,60,000 0 0
Non-Institutional Buyers*** 0.40 8,70,400 3,45,600 5.737
Retail Investors 0.94 20,30,400 19,14,400 31.779
Total ** 0.56 40,60,800 22,60,000 37.516

Total Application : 7,539

Note:

  • *: “Shares Offered” and “Total Amount” are calculated based on the upper price of the issue price range.

  • **: The portion of anchor investors (or market makers) is not included in the total number of shares offered.

  • ***: Market Maker portion is not included to NII/HNI.Shiv Texchem IPO Subscription Details (times)
Date QIB NII* Retail Total
Day 1
Oct 8, 2024
0.00 0.40

What is IPO GMP?

The grey market premium (GMP) indicates the unofficial trading price of an IPO before its listing and provides insights into potential market performance. A positive GMP suggests that the IPO of Shiv Texchem IPO may yield profits, while a negative GMP signals a possible discount at listing. However, it’s crucial to understand that IPO GMP can be highly volatile. Therefore, investors should not base their decisions solely on Shiv Texchem IPO GMP but should carefully evaluate all relevant factors before investing. Important Points to Consider About the Grey Market.

Here are five important points to consider about the grey market for IPOs:

  1. Unregulated Trading: The grey market operates outside official stock exchanges, meaning it is unregulated. This lack of oversight can lead to increased risks, including price manipulation and lack of transparency.
  2. Indicative Pricing: Grey market premiums (GMP) provide insights into investor sentiment and demand for an IPO before it officially listed
  3. s. A high GMP indicates strong interest, while a low or negative GMP can suggest weak demand.
  4. Liquidity and Volatility: Trading in the grey market can be more liquid and volatile compared to the formal market. Prices may fluctuate significantly based on speculative trading, leading to potential gains or losses for investors.
  5. Impact on Subscription Decisions: Investors often consider grey market trends when deciding whether to subscribe to an IPO. A favorable GMP can encourage more participation, while an unfavorable premium may deter investors.
  6. Risks of Loss: Investing based on grey market signals can be risky. Since the grey market is unofficial, there’s no guarantee that the prices will reflect actual market conditions once the shares are listed, potentially leading to losses if expectations aren’t met.

What is the Subscription Status?

Subscription status refers to the current level of interest and investors’ participation in an Initial Public Offering (IPO). It indicates how many shares have been applied for compared to the total number of shares available for subscription. Subscription status is typically reported in terms of the number of times the issue has been oversubscribed, which can be expressed as a ratio. A high subscription status often reflects strong demand for the IPO, while low subscription levels may signal weaker interest. Investors closely monitor subscription status to gauge market sentiment and the potential performance of the IPO once it is listed on the stock exchange.

Read More About Shiv Texchem IPO

Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their economic situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.

Want to Raise money for your company through SME IPO? Read More

Frequently Asked Questions

Related Posts

msmestory footer bannermsmestory footer banner
Copyright © 2024, msmestory.com All rights reserved.
Whatsapp