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Shri Techtex IPO GMP Today, Subscription Status, Share Price, Lot Size

Shri Techtex IPO GMP : You can now find all the information you need about Shri Techtex IPO GMP Today, including the subscription status, share price, lot size, and other relevant details on this page. Shri Techtex, a company specializing in manufacturing polypropylene products, is currently offering shares to the public as a means to raise funds. If you are interest in purchasing shares of the company and would like to obtain comprehensive information about the Shri Techtex IPO GMP Today, including the subscription status, share price, lot size, and other pertinent details, kindly scroll down to the end of this post.

If you’re interest in the stock market and IPOs, you’ve probably heard about the upcoming Shri Techtex IPO. But what exactly is GMP and why is it important? In this blog post, we’ll explain what GMP stands for and how it relates to IPOs. We’ll also discuss the current GMP for Shri Techtex and what it could mean for potential investors. If you’re considering investing in the Shri Techtex IPO or just want to learn more about the stock market, this blog post is a must-read. So let’s dive in and explore the world of IPOs and GMP!

Shri Techtex IPO GMP

Shri Techtex has announced that it will be conducting an initial public offering from 26th July 2023 to 28th July 2023. The IPO will consist of 7,4 lakh equity shares with a face value of Rs 10, amounting to a total of Rs 45.14 crores. The issue price per share has been fixe between Rs 54 and Rs 61, with a minimum lot size of 2000 shares. Therefore, the minimum investment required, considering the upper band share price of Rs 61, is Rs 1,22,000. For High Net Worth Individuals (HNIs) and Non-Institutional Investors (NIIs), the minimum lot size is set at 4000 shares. It is important to note that Shri Techtex’s shares are set to be listed on NSE SME.

The anticipated price at which the shares will be listed is referred to as the Grey Market Price. Typically, it begins around 4 to 5 days after the IPO opens and persists until the shares are liste. The Grey Market Price for Shri Techtex IPO can also be negative, indicating that the shares are issued at a discounted rate. While it provides a probable estimate, it does not provide an exact share price.

Shri Techtex IPO GMP

Shri Techtex IPO GMP Details

Company Name

Shri Techtex Limited

Shri Techtex IPO Date

26th July to 28th July 2023

Shares Offered to Public

74,00,000 shares

Face value

Rs 10 per share

Share issue Price

Rs 54 to Rs 61 per share

Minimum Lot Size

2000 shares

Minimum Lot Size for NIIs

4000 shares

Issue Type

Book Built Issue

Listing at

National Stock Exchange

Share Allotment Date

2nd August 2023

Initiation of Refunds

3rd August 2023

Listing Date

7th August 2023

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Shri Techtex IPO GMP Today

The Grey Market Price (GMP) of Shri Techtex IPO has been influenced by two main factors: market conditions and the demand from investors looking to purchase shares of the company. As of 25th July 2023, the GMP stands at Rs 12 per share, which is Rs 2 higher than the face value. Looking at the trend over the past few days, we can see that the GMP initially rose to Rs 15 before declining to its current level of Rs 12 in the last three days.

If the Grey Market Premium (GMP) of the Shri Techtex IPO matches the listing price of the share, then the IPO price will be Rs 73 per share (61+12). Therefore, if you are considering purchasing stakes in the Company, it is essential to closely monitor the GMP trend to determine the probable listing status.

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Shri Techtex Objects Of IPO

The tech company has established the main goals for deploying the funds raised from the IPO. The raised funds will be us to accomplish the following objectives.

  • Acquiring new machinery (valued at Rs 6.31 crores)
  • To meet the requirement for working capital, an amount of Rs 15.31 crores will be provide.
  • The factory shed is being constructed at a cost of Rs 3.71 crores.
  • Approval granted for the construction of a solar power plant at a cost of Rs 4.89 crore.
  • Covering the daily operational costs of the company. (15.11 crores)

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Shri Techtex IPO Subscription Status

Shri Techtex IPO is allocating 50% of the net bid to QIB investors, 35% to retail investors, and the remaining 15% of shares will be offered to HNI/NII investors in accordance with the offer terms. The deadline for submitting stake purchase applications is July 28, 2023, and the allocation of shares will be concluded on August 2, 2023. Refunds will be initiate on August 3, 2023. The stocks are schedule to be list on August 7, 2023.

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Shri Techtex IPO Share Price

The shares of the Company have a nominal value of Rs 10 each. For its initial public offering (IPO), the Company has establish a price range for the shares, which is between Rs 54 and 61. The Company intends to generate funds and fulfill its financial needs by raising Rs 45.14 crores at the higher end of the range. The equity shares will be list on the National Stock Exchange.

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Shri Techtex IPO Lot Size

The minimum lot size for Shri Techtex’s IPO is 2000 shares. Therefore, the minimum investment for QIB, RII, EMP, and other investors who are considering the upper pay band of Rs 61 is Rs 1,22,000 (2000 x 61). However, HNIs and NIIs investors have a minimum order requirement of 4000 shares, making their minimum investment Rs 2,44,000.

Continue visiting our website to stay update on the daily Grey Market Value of the Shri Techtex IPO. Additionally, we will provide you with the latest news regarding the Shri Techtex IPO on this webpage until the shares are list.

Conclusion

Shri Techtex IPO GMP (Grey Market Premium) is a key indicator of investor sentiment towards the company’s initial public offering. Based on recent market trends, it can be concluded that there is a strong demand for Shri Techtex shares in the grey market. This suggests that investors have high expectations for the company and are willing to pay a premium for its shares. However, it is important to note that the grey market premium is not always an accurate reflection of the company’s performance in the stock market. Therefore, investors should exercise caution and conduct through research before making any investment decisions.

Shri Techtex IPO GMP FAQ’S

What is the grey market premium of Shri Tech IPO?

The GMP of ₹14 on the upper band of the IPO price of ₹61 per share indicates a listing premium of a very healthy 22.95% for Shri Techtex Ltd over the listing price.

What is the expected listing price of Shri Techtex?

IPO plans to raise ₹45-50 crore. Expected listing price at ₹91 as per grey market. Shri Techtex IPO share allotment was finalised on Wednesday, August 2.

What is the lot size of Shri Techtex?

Shri Techtex IPO lot size is 2000 equity shares, and the minimum investment required is ₹1,08,000.

What is the share price of Shree Tex Tech?

Shri Techtex Ltd. share price moved down by -0.75% from its previous close of ₹100.10. Last traded price is ₹99.35.

What will be the listing price of Emil IPO?

The three day initial public offering (IPO) of Electronics Mart India (EMIL) has opened for public subscription on Tuesday and will conclude on October 7, 2022, with the price band at ₹56-59 per share.

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