Shree Karni Fabcom IPO Sees Strong Grey Market Interest As GMP Soars
Shree Karni Fabcom IPO : Shree Karni Fabcom, a manufacturer of technical textiles, is witnessing significant investor interest ahead of its initial public offering (IPO) which closes on March 11th, 2024. The grey market premium (GMP) for the IPO has been climbing steadily, indicating strong demand for the shares.
As of March 7th, the GMP for Shree Karni Fabcom IPO is reported to be around ₹250. This translates to a potential listing price of ₹477 per share, which is a premium of over 110% compared to the issue price band of ₹220 to ₹227 per share.
It’s important to remember that GMP is an unofficial indicator and not a guarantee of the actual listing price. However, it does provide some insights into investor sentiment surrounding the IPO.
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Here are some key details about the Shree Karni Fabcom IPO:
- Issue Size: ₹42.49 Crore
- Price Band: ₹220 – ₹227 per share
- Lot Size: 600 Shares
- Listing Date: Expected on March 14th, 2024 (NSE SME)
Analysts recommend that investors carefully consider the company’s financials, future prospects, and overall market conditions before making any investment decisions.