Today marks the final opportunity to participate in the Proventus Agrocom Initial Public Offering (IPO).
The IPO for the company commenced on May 24, offering shares at a price range of Rs 771. Excitingly.
the company’s performance in the gray market has been consistently improving, signaling positive prospects.
Understanding Gray Market Premium (GMP) for Proventus Agrocom IPO Today
Leading stockbrokers have reported a premium of Rs 60 in the gray market for Proventus Agrocom IPO shares.
As of May 24, the Gray Market Premium (GMP) was recorded at Rs 56 per share, a notable increase from the previous day’s GMP of Rs 46. This signifies a rise of Rs 14 in just three days.
Proventus Agrocom IPO:
The IPO price band for Proventus Agrocom is set at Rs 771 per share, with a lot size of 160 shares. This means that investors need to commit a minimum investment of Rs 1,23,360.
The company is scheduled to allot shares on the 31st of this month. The overall size of the Proventus Agrocom IPO amounts to Rs 69.54 crore.
Subscription Status Overview
Investor enthusiasm for this IPO was relatively low during the initial two days. The subscription rate on Wednesday stood at a mere 4 percent.
followed by a slight increase to 26 percent on Thursday. The response from investors today will be crucial in determining the overall reception of this IPO.
