The IPO for SD Retail, a sleepwear manufacturer, started today, September 20, and will remain open until September 24. This SME IPO aims to raise ₹64.98 crore and involves a fresh issue of 49.6 lakh shares. Of these, 14.12 lakh shares are reserved for anchor investors, 16.49 lakh for retail investors, 7.07 lakh for non-institutional buyers (NIBs), and 9.42 lakh for qualified institutional buyers (QIBs).
Subscription Status
As of 1:20 PM on the first day, the overall subscription for the SD Retail IPO was 0.08 times. Retail investors subscribed at 0.14 times, while the NIB segment was at 0.05 times. There were no subscriptions in the QIB segment yet.
Grey Market Premium (GMP)
The latest grey market premium for the SD Retail IPO is ₹40, showing investor confidence. Given the upper price band of ₹131 per share, the expected listing price for SD Retail shares is around ₹171, reflecting a 30.53% premium.
IPO Details
- Open Dates: September 20 to September 24
- Price Band: ₹124 to ₹131 per share
- Minimum Bid: 1,000 shares (totaling ₹1,31,000)
The finalisation of share allotment is set for September 25, with successful bidders receiving shares in their demat accounts on September 26. Refunds for unsuccessful applicants will also be processed on that day. The shares are expected to debut on the NSE SME on September 27.
The book-running lead manager for this IPO is Beeline Capital Advisors Pvt Ltd, and Kfin Technologies is the registrar.
The funds raised will be used to set up new exclusive brand outlets, cover working capital needs, and for general corporate purposes.
Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.
