Shree OSFM E-Mobility IPO: The initial public offering of Shree OSFM E-Mobility Ltd, which opened for public subscription on December 14, is closing on Monday, December 18. The price of the Shree OSFM E-Mobility SME IPO was fixed at Rs 65 per share. Till 1:13 pm on the final day of bidding on Monday, the Rs 24.60-crore IPO has received 5.58 times subscription, garnering bids for 2,00,06,000 shares as against 35,84,000 shares on offer.
The IPO allotment will take place on Tuesday, December 19, while its share listing will take place on December 21 on the NSE SME.
Shree OSFM E-Mobility IPO GMP Today
According to market observers, unlisted shares of Shree OSFM E-Mobility Ltd are currently trading at Rs 65, which means zero GMP or no listing gain. The GMP is based on market sentiments and keeps changing.
‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Shree OSFM E-Mobility IPO Details
The IPO is entirely a fresh issue of 37.84 lakh shares. Its price was fixed at Rs 65. The minimum lot size for an application is 2,000 shares. The minimum amount of investment required by retail investors is Rs 1,30,000.
First Overseas Capital Limited is the book-running lead manager of the Shree OSFM E-Mobility IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Shree OSFM E-Mobility IPO is Bhh Securities.
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