Investors looking to bet on Initial Public Offerings (IPOs) have something to cheer about.
Cell Point India’s IPO is set to open its doors on June 15, 2023.
This provides investors with an opportunity to participate in the IPO until June 20, 2023.
The IPO price for Cell Point India has been fixed at Rs 100 per share.
Cell Point India IPO Details
The IPO price for Cell Point India has been set at Rs 100 per share.
To invest in this IPO, investors will need to purchase a minimum of 1200 shares, amounting to a minimum investment of Rs 1,20,000.
The company’s shares will be listed on the NSE SME exchange.
It is worth noting that the promoters’ stake in the company will decrease to 73.06% after the IPO.
Understanding GMP (Cell Point India GMP)
In the gray market, the Cell Point India IPO is currently trading at a premium of Rs 12.
If this trend continues, the company’s listing price could reach Rs 112.
The allotment of shares for the Cell Point India IPO will take place on June 23, 2023.
The company’s shares are expected to be listed on June 29, 2023.
