Ivalue Infosolutions IPO GMP Soars Just Before Subscription Kicks Off; 5 Things To Know As Opening Nears

Ivalue Infosolutions IPO GMP Today: The Mainboard Initial Public Offering (IPO) of Ivalue Infosolutions is all set to open for subscription on Thursday, September 18. The company's IPO GMP (grey market premium) surged significantly ahead of the beginning of IPO subscription.

The mainboard IPO is worth Rs 560.29 crore and will open for subscription on Thursday, September 18. The IPO subscription will end on Monday, September 22. Here are all the details you need to know about Ivalue Infosolutions IPO today.

Ivalue Infosolutions IPO GMP Today

Ivalue Infosolutions IPO GMP stood at Rs 20, according to investorgain.com website at 12:56 pm on Wednesday. The company has fixed an upper price band at Rs 299 per share. The stock's estimated listing price is Rs 319 per share, which is the sum of the cap price and the latest GMP. The expected percentage gain or loss per share is 6.69%

Ivalue Infosolutions IPO GMP surged significantly on Tuesday and retained its mark on Wednesday as well. The IPO gmp stood at Rs 0 on Monday, but increased to Rs 20 on Tuesday and retained the mark on Wednesday as well.

IPO GMP depends on the demand for the IPO shares in the grey market. As an IPO GMP indicates its demand in unregulated market, it is not a reliable indicator of an IPO's success and its demand.

Ivalue Infosolutions IPO Subscription: Key Dates

The IPO subscription will open for subscription on Thursday, September 18 and will close for subscription on Monday next week, ie September 22. Ivalue Infosolutions allotment is expected to be finalised on September 23 and the listing is likely to be held on September 25.

Ivalue Infosolutions IPO Subscription Issue Size

Ivalue Infosolutions IPO has a book build issue of Rs 560.29 crore. It is an entirely offer for sale issue of 1.87 crore worth Rs 560.29 crore.

Ivalue Infosolutions IPO Subscription Price Band

The issue price band is fixed at Rs 284-Rs 299 per share. The lot size for an application is Rs 50. The minimum amount of investment by a retail investor in the IPO is Rs 14,950.

Ivalue Infosolutions IPO Lot Size

The lot size for sNII is 14 lots, 700 shares, equivalent to Rs 2,09,300. For bNII, it is 67 lots, equivalent to 3,350 shares, equivalent to RS 10,01,650. The book running lead manager for the IPo are IIFL Capital Services Limited. Kfin Technologies Limited is the registrar of the issue.

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