Read on the application
The Basilik Fly Studio IPO will open for subscription on September 1. As soon as the IPO opened, people rushed to invest money. The company’s IPO traded more than 33 times on the first day. The gray market is also bullish on Basilik Fly Studio’s IPO. On the evening of September 1, the gray market premium of the company’s shares was Rs. has increased to 275. Basilik Fly Studio is a visual effects studio.
The company’s shares could be listed at a gain of 283%
The price band of Basilik Fly Studio IPO is Rs. 92-97 are. The company’s shares have fetched a huge premium in the gray market. According to Topshare Brokers, shares of Basilik Fly Studios in the gray market traded at Rs. 275 are being traded at a premium. In an IPO, if the shares of the company are Rs. 97 to be allotted at the upper price band and Rs. 275 if the gray market premium (GMP) of the company is Rs. 372 can be listed. That means those who will get shares of the company in the IPO, can get a gain of 284% on the day of listing.
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The company’s IPO has been subscribed more than 33 times
Basilik Fly Studios IPO has been subscribed 33.17 times on the first day. The retail quota of the company’s IPO has been subscribed 50.44 times. At the same time, Qualified Institutional Buyers (QIB) quota has been subscribed 7.18 times. Non-Institutional Investors (NII) have a stake of 27.55 times the quota. Allotment of shares in the company’s IPO will be completed on September 8. At the same time, shares of Basilik Fly Studio may be listed on 13 September 2023. Retail investors can bid for 1 lot in a company’s IPO. 1 lot has 1200 shares.
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Disclaimer: Information about stock performance is provided here only, not investment advice. Investment in stock market is subject to risk and please consult your advisor before investing.