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Sacheerome IPO Allotment Finalised With Rs 40 Grey Market Premium

It follows a 312.94-time subscription, setting the stage for a June 16 listing on the NSE SME platform.

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Sacheerome IPO Allotment Status And GMP
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Overview

  • The IPO received bids for over 125.76 crore shares against 40.18 lakh on offer, resulting in a 312.94-time subscription.
  • Non-institutional investors led demand at 808.56 times, while retail investors subscribed 180.28 times and QIBs 173.15 times.
  • The Rs 61.62 crore issue at a price band of Rs 96–102 per share comprised 60.41 lakh fresh equity shares.
  • A grey market premium of Rs 40 suggests a potential 39.22% listing gain over the IPO’s upper price band.
  • Share allotments are being finalised on June 12, with refunds and share transfers scheduled for June 13 ahead of the June 16 NSE SME debut.