Graphisads IPO: Subscribed 1.52 Times as NSE SME Issue Nears Closure

Graphisads Industries Ltd’s initial public offering (IPO) commenced on November 30, 2023, and is set to conclude its subscription period on December 5, 2023. The NSE SME issue, with a fixed price band of ₹111 per equity share and a lot size of 1200 company shares, has witnessed active participation from investors.

As of the third day of bidding, the Graphisads IPO subscription status reveals that the NSE SME issue has been oversubscribed 1.52 times. Investors have submitted bids for 71,74,800 shares against the original offer of 48,12,000 company shares.

Despite the strong response from investors and positive market sentiment, the share price of Graphisads Industries Ltd in the grey market has remained stable. Market observers note that shares of Graphisads Industries Ltd are currently trading at a premium of ₹328 in the grey market.

The Graphisads IPO Grey Market Premium (GMP) today is reported at ₹28, maintaining stability over the past three days. Analysts attribute this steady GMP to the robust response from investors and the positive atmosphere in the secondary market. With the recent BJP victories in three states, market observers anticipate a favorable impact on the primary market mood, potentially leading to an increase in Graphisads IPO GMP.

However, experts caution that the grey market is non-regulated and speculative, advising investors not to heavily rely on GMP for decision-making.

Graphisads IPO Subscription Status:

As of 1:08 PM on the third day of bidding, the public issue has been subscribed 1.52 times. Bids for 3,02,000 shares have been received against the offered 48,12,000 shares of the company.

Investor Recommendation:

ProfitMart Securities has provided a ‘Subscribe for Long Term’ rating for this NSE SME IPO. The positive outlook is grounded in Graphisads Limited’s impressive growth track record, diverse business presence, and a scalable model across various advertising segments.