Shyam Dhani Industries IPO day 1: The initial public offering (IPO) of Shyam Dhani Industries opened for public subscription on Monday, December 22. The SME IPO is witnessing strong buying interest, while the grey market is indicating the stock can list at a solid premium of about 70%. Meanwhile, Shyam Dhani Industries said it had raised ₹10.92 crore from anchor investors by allocating 15.60 shares at a price of ₹70 per share ahead of the IPO.
Shyam Dhani Industries IPO GMP
According to grey market sources, the GMP of Shyam Dhani Industries shares was ₹47 on Monday morning. This indicates the stock could list at a premium of 67% on the NSE SME.
Shyam Dhani Industries IPO subscription status
By 12:05 pm on Monday, the SME IPO had seen an overall subscription of nearly 20 times, with the retail portion booked 31 times, and the segment reserved for NIIs subscribed to 23 times. QIB’s portion was yet to see any subscription till that time.
(This is a developing story. Please check back for fresh updates.)
