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Basilik Fly Studio IPO Price Band: In the last few months, the IPOs of several companies have created a buzz in the stock market. This is the reason why investors have already increased their inclination towards IPOs. The IPOs of companies that have performed exceptionally well in the gray market have received more attention from investors. One such IPO is the Basilik Fly Studio IPO. The company is doing exceptionally well in the gray market. The GMP of this IPO priced below Rs 100 is close to Rs 300.
Day one saw a buying spree among investors (Basilik Fly Studio IPO Subscription Details)
Basilik Fly Studios has received a good response from investors on the opening day of the IPO, i.e. Friday. This SME IPO has been subscribed 33.17 times. The IPO was subscribed 50.44 times in the retail category, 7.18 times in the qualified institutional category and 27.55 times in the non-institutional investors category.
Basilik Fly Studio IPO Details
The IPO was opened to retail investors on 1 September 2023. Investors have until September 5, 2023 to subscribe to the Basilik Fly Studios IPO. The price band of Basilik Fly Studio IPO is Rs. 92 to Rs. 97 has been determined. Let us tell you that the lot size of IPO is 1200 shares. In such a situation, the retail investor has to invest at least Rs 1,16,400.
What is GMP? (Basil Fly Studio IPO GMP Today)
The best news for investors betting on a Basilik Fly Studio IPO comes from the gray market. Here it is available at a premium of Rs.275. Which indicates a strong listing. If this situation continues till the listing, the shares of the company may debut in the stock market around Rs.317.