The Net Avenue Technologies IPO is ending today. Many people have shown interest in buying its shares during the past two days. The price for one share is between Rs 16 to Rs 18.
This company is doing well in the gray market. A report from a top share broker says that the shares are being traded at Rs 11 more than the actual price.
If this continues, when the company gets listed on the stock market, it may have a 61 percent higher value.
In the gray market, the company has created a lot of excitement. The IPO size is Rs 10.25 crore.
The company made 8000 shares in one lot, and investors had to invest at least Rs 1,44,000.
During the two days, the IPO got more than 68 times the number of shares available.
This means a lot of people want to buy it. The company raised Rs 2.91 crore from anchor investors.
On the second day, the IPO got more than 54 times the number of shares, and in the retail section, it got 89.41 times more.
On the first day, it got 14 times more shares. Before the IPO, the company’s owners had 45.31 percent of the shares. After the IPO, they will have 33.28 percent.
