There has been a veritable traffic snarl of IPOs on D Street in September. Even the last day will have 3 SMEs – NeoPolitan Pizza and Foods, Subam Papers and Paramount Dye Tec – opening bids for subscription to their shares.
NeoPolitan Pizza and Foods details
The management intends to raise Rs 12 crore through fresh shares only. The process of bidding will remain open between September 30 and October 4, 2024. The allotment will be finalised on October 7, while the listing is expected to take place on BSE SME on October 9.
NeoPolitan Pizza and Foods price, GMP
Each equity share has been priced at Rs 20. For a retail investor, the minimum investible lot is 6,000 shares, which will cost him/her Rs 1.2 lakh. For HNIs the numbers are double that amount. According to investorgain, the GMP is nil.
Subam Papers issue details
Subam Papers wants to mop up Rs 93.70 crore through the sale of 61.65 lakh fresh shares. The IPO closes on October 3 and the allotment will be decided on October 4. The shares will list on BSE SME on October 8.
Subam Papers price, GMP
The price band of an equity share of Subam Papers is Rs 144-152. A retail investor has to pay for a minimum investment of 800 shares which will need Rs 121,600. HNIs have to pay double for double the shares at a minimum.
On September 28 morning, the GMP that Subam Papers commanded was Rs 15, indicating a listing gain of 9.87%, considering a price of Rs 152 of a share. However, it is an unofficial estimate that might change.
Paramount Dye issue details
Paramount Dye Tec intends to raise Rs 28.43 crore. The bidding process will remain open between September 30 and October 3. Allotment of shares will take place on October 4, while the listing will take place on NSE SME on October 8.
Paramount Dye Tec price, GMP
The price of one share of Paramount Dye Tec has been set at Rs 111-117. The minimum lot has been fixed at 1,200 shares that will cost a retail investor Rs 140,400. According to investorgain, the GMP of Paramount Dye Tec is nil on September 28.
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