Abram Food IPO Day 1: GMP, subscription status, price band, other details of BSE SME IPO
By 11 AM on the first day of subscription, the SME IPO had been subscribed 14 per cent, with the retail portion booked 20 per cent and the segment reserved for non-institutional investors (NIIs) subscribed 8 per cent.
1. Abram Food IPO GMP: According to market sources, the latest grey market premium (GMP) of Abram Food shares was ₹ 9. The latest GMP indicates the stock could be listed at a premium of slightly over 9 per cent.
2. Abram Food IPO date: Abram Food IPO opened for subscription on Tuesday, June 24, and will remain open till Thursday, June 26.
3. Abram Food IPO price: The price of the SME IPO has been fixed at ₹ 98 per share.
4. Abram Food IPO size: The company intends to raise ₹ 14 crore from the issue, which it will use for the purchase of machines, funding of working capital requirements and general corporate purposes.
(This is a developing story. Please check back for fresh updates.)
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
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