Siyaram Recycling IPO is getting a great response from investors in the first two days. More than 80 percent of the shares have been subscribed in just two trading days.
Investors are excited about the Grey Market Premium (GMP). The IPO’s share price is between Rs 43 and Rs 46.
There’s a prediction of a 78% profit (Siyaram Recycling IPO GMP). In the grey market, the IPO was trading at a premium of Rs 36 on Monday morning.
This suggests that when the company is listed on the stock market, its value could be more than Rs 80.
If this happens, investors who get shares could make a 78% profit on the first day.
Investors are showing strong interest. On the first day (December 14), the IPO was subscribed more than 20 times.
On the second day (December 15), it was subscribed 59.95 times, with retail category subscription reaching 106.57 times.
Today is the last chance for investors to participate in this SME IPO.
For the IPO, the company has set a fixed lot size of 3000 shares. This means retail investors need to invest at least Rs 1,38,000. Share allotment will take place on December 19, and the company could be listed on BSE on December 21.
The IPO size is Rs 22.96 crore, and Hem Securities Limited is the book running lead manager for the IPO.
