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IPO News: There is good news for investors betting on IPOs. Investors have invested heavily in Sungarner Energies Limited’s IPO. The IPO was subscribed more than 180 times during the subscription opening for 3 days. The IPO was subscribed more than 152 times on the last day of subscription. Let’s know more about this stock-
What is GMP? (Sungarner Energies Limited IPO GMP Today)
The gray market IPO on Wednesday was Rs. was trading at a premium of 28, a top stockbroker’s report said. That is, if this trend continues till the listing, the company can debut in the stock market around Rs.111. Investors can make 33.73 percent profit on the first day.
The IPO raised from anchor investors Rs. 91 crore raised, investors can place bets from today
All eyes on listing (Sungarner Energy Limited IPO share allotment)
The allotment of shares from the company to the investors will take place on August 28, 2023. While the listing of the company is scheduled to take place on 31 August 2023. The company will be listed on NSE SME. Let us tell you that the price band of IPO of Sungarner Energies Limited was Rs.83. The company has issued about 1600 shares. Due to which the investor had to invest at least 1,32,800 rupees.