June 17, 2024
New Delhi, India
IPO Overview
Durlax Top Surface Limited is set to launch its initial public offering (IPO) on June 19, 2024. The public issue will be open for bidding until June 21, 2024. The company, known for its solid surface materials, has set the IPO price band at ₹65 to ₹68 per equity share.
Grey Market Premium (GMP)
Market observers have noted that Durlax Top Surface Limited shares are available at a premium of ₹15 in the grey market. This positive grey market premium indicates a favorable outlook for the IPO among investors.
Key IPO Details
- IPO Date: The book build issue opens on June 19, 2024, and closes on June 21, 2024.
- Price Band: The price band for the IPO is set between ₹65 to ₹68 per equity share.
- IPO Size: The IPO will combine fresh issues and offers for sale (OFS). The company aims to raise ₹28.56 crore through the issuance of fresh shares and ₹12.24 crore through the OFS route.
- Lot Size: Investors can apply in lots, with one lot comprising 2000 shares. The minimum investment required is ₹1,36,000 (₹68 x 2000).
- Allotment Date: Share allocation is expected to be finalized on June 22, 2024, with a possibility of announcement on June 24, 2024, if not declared earlier.
- Registrar: Bigshare Private Ltd is the official registrar for the IPO.
- Listing Platform: The IPO is proposed for listing on the NSE SME Emerge platform.
- Listing Date: Following the ‘T+3’ listing rule, the shares are likely to be listed on June 26, 2024.
Investor Expectations
The Durlax Top Surface IPO is generating significant interest due to the company’s solid market position and the positive grey market premium. Investors are also anticipating key dates for share allotment and listing, which will determine the immediate market performance of the shares.
Conclusion
With its launch this week, the Durlax Top Surface IPO is positioned as an attractive opportunity for investors, especially given the ₹15 grey market premium. As the IPO opens for bidding, market participants will closely watch the allotment and listing process, anticipating potential gains from this promising offering.
Disclaimer:
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