Watrana Rentals’ initial public offering is scheduled to open for subscription this week on Thursday, November 19. The SME IPO is an entirely fresh issue of 49.02 lakh shares of ₹120.10 crore.
The SME IPO will open for subscription in the second half of next week and close the following week. The IPO’s latest grey market premium (GMP) hints at 8.98% estimated listing gain, as per media reports trading the grey market price at 9 pm on Sunday, November 15. Here’s how much profit investors can expect in different categories in the SME IPO.
Watrana Rentals IPO grey market premium (IPO GMP) stood at ₹22, hinting at 8.98% listing day gain. Considering its upper price band, i.e. of ₹245 per share, the IPO is likely to be listed at ₹267 per share (sum of IPO GMP today and upper price band).
The SME IPO has fixed issue price band at ₹232 to ₹245 per share. Its lot size for an application is 600 shares.
Watrana Rentals is a book build issue of ₹120.10 crore and is an entirely a fresh issue of 49.02 lakh shares of ₹120.10 crore. The IPO will open for subscription on November 19, Thursday and close on November 23, Monday. The IPO allotment is likely to be finalised on November 25, followed by expected listing on November 27 on NSE SME.