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3d ago

Repono SME IPO Posts 64.95x Subscription, ₹23 Grey Market Premium

Allotment is scheduled for July 31 with a BSE SME debut slated for August 4.

Repono IPO GMP
Repono IPO Allotment Status, Latest GMP And More
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Overview

  • The SME issue received bids for over 12 crore shares against 18.48 lakh on offer, resulting in a 64.95 times subscription on July 30.
  • Grey market trades have priced the IPO at a ₹23 premium over the ₹96 upper band, implying a potential opening at around ₹119 per share.
  • The fresh issue of 27.79 lakh shares at ₹91–96 will raise ₹26.68 crore to support Repono’s working capital, capital expenditures and general corporate needs in its oil and petrochemical warehousing business.
  • Wealth Mine Networks is the book-running lead manager, with Cameo Corporate Services as registrar and JSK Securities as the market maker.
  • Share allotment will be finalised on July 31 and shares will be credited or refunds processed on August 1 ahead of the August 4 listing on the BSE SME platform.