Key Points
The grey market, however, indicates a downward trend as premium for shares fell in the unlisted market..
The IPO has seen a strong response despite unfavourable market sentiments, as the issue was subscribed 12.21 times...
According to market sources, the grey market premium of Global Surfaces shares fell to around Rs 9-10 from Rs 15 earlier..
If we consider the upper price band of Rs 140, the company shares are expected to list at a 7% premium over the issue price...
The company said funds raised from the fresh issue would be used for setting up the company's proposed facility -- Global Surfaces FZE -- in Dubai...
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Global Surfaces shares list at 17% premium over issue price
23, Mar, 23The Rs 155 crore IPO was subscribed 12.21 times after heavy bidding from non-institutional investors. The retail part was subscribed 5.12 times, and the NII category was subscribed 33 times. The portion reserved for qualified institutional buyers (QIBs) saw 8.95 times subscription.
Global Surfaces IPO subscribed 3.85 times so far on last day of bidding; GMP signals listing gains
15, Mar, 23According to analysts, the grey market premium, which indicates the premium commanded by shares in unlisted markets stoo Rs 20. The company has fixed a price band of Rs 133-140. At the upper end, the shares are expected to list at 14% premium over the issue price.
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Global Surfaces IPO to open next week. Check price band and other details
09, Mar, 23The IPO comprises fresh issuance of 85.20 lakh equity shares and an Offer For Sale of up to 25.5 lakh equity shares by promoters Mayank Shah and Sweta Shah. The company said IPO proceeds will be used for investment in its arm Global Surfaces FZE for part-financing its capex requirements of setting up the manufacturing facility in Dubai and other general corporate purpo
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27, Jul, 23The IPO of Netweb, a leading high-end computing solutions (HCS) provider with fully integrated design and manufacturing capabilities, was subscribed 90.36 times at close. The qualified institutional buyer portion was the most subscribed with a subscription of 228.91 times, followed by non-institutional investors with 81.81 times. The retail category was subscribed 19.15 times.
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15, Mar, 23Global Surfaces' IPO subscribed 1.09 times by the second day of the offer
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27, Dec, 23If the current trends are sustained, Azad Engineering's shares are expected to list at a premium of 53%. The issue was priced in the range of Rs 499-524.
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