The unlisted shares of Devin Sons Retail Ltd are trading at Rs 70 apiece in the gray market, a premium of 27.27 per cent over the upper IPO price of Rs 55.
Devin Sons Retail IPO.
Devin Sons IPO: Devin Sons Retail Limited’s initial public offer (IPO) has been opened for public subscription on Thursday. The Rs 8.78 crore BSE SME IPO has been priced at Rs 55. As of 5:00 PM on the first day of bidding on Thursday, the IPO received 2.72 times subscription bid for 41,26,001 shares against 15,16,001. Shares on offer.
So far, the non-institutional investors (NII) category has received 0.55 times the subscription, while the retail investors’ quota has increased by 4.89 times.
The IPO will close on Monday, January 6.
Devin Sons IPOGMP today
According to market observers, the unlisted shares of Devin Sons Retail Ltd are trading at Rs 70 apiece in the gray market, a premium of 27.27 per cent over the upper IPO price of Rs 55. 7.
GMP was zero in the morning.
Devin Sons Retail IPO: More Details
The Davin Sons IPO is a fresh issue of a total of 15.96 lakh shares. Its price has been fixed at Rs 55 per share.
Bidding for the IPO has been opened on January 2, 2025 and will close on January 6, 2025. The allotment for the Devin Sons IPO is expected to be finalized on Tuesday, January 7, 2025. It will be listed on BSE SME with provisional listing. Date set as Thursday, January 9, 2025.
For investors, the minimum lot size for application is 2,000. The minimum investment amount for retail investors is Rs 1,10,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) with an amount of Rs.2,20,000.
Navigant Corporate Advisors Ltd is the book-running lead manager for the Devin Sons IPO, while Kaffin Technologies Ltd is the registrar for the issue. The market maker for Devin Sons IPO is After Trade Broking Private Limited.