Abram Food IPO to list on BSE SME today. GMP indicates flat debut
Abram Food is ready to list on the Bombay Stock Exchange SME platform. The initial public offering concluded last week. The IPO was for fourteen crore rupees. However, a flat listing is expected. There is currently zero grey market premium. The IP...
By Akash Podishetti, ETMarkets.com |
ANI
Abram Food is set to make its debut on the BSE SME platform on Tuesday after successfully concluding its Rs 14 crore IPO last week. Despite a surge in SME listings this month, the Abram Food IPO is expected to see a flat listing, with GMP currently at Rs 0, signaling little to no listing-day gains.
The fixed price IPO, which opened between June 24 and June 26, was entirely a fresh issue of 14.28 lakh shares at a price of Rs 98 per share. The issue saw a modest but decent response from investors.
The IPO was lead-managed by Corporate Makers Capital with Kfin Technologies serving as the registrar.
Flat GMP ahead of listing
Unlike some recent SME IPOs that enjoyed aggressive grey market buzz, Abram Food’s GMP has remained muted. According to market trackers, no premium is being offered over the issue price in the unofficial market.
About the Company
Founded in 2009, Abram Food makes and trades a wide range of food products including chana dal, atta, besan, edible oils, spices, and cattle feed under its ‘Kherliwala’ brand.
With no visible premium in the grey market, all eyes will be on whether retail investor participation and fundamentals can support listing day action.
The fixed price IPO, which opened between June 24 and June 26, was entirely a fresh issue of 14.28 lakh shares at a price of Rs 98 per share. The issue saw a modest but decent response from investors.
The IPO was lead-managed by Corporate Makers Capital with Kfin Technologies serving as the registrar.
Flat GMP ahead of listing
Unlike some recent SME IPOs that enjoyed aggressive grey market buzz, Abram Food’s GMP has remained muted. According to market trackers, no premium is being offered over the issue price in the unofficial market.
About the Company
Founded in 2009, Abram Food makes and trades a wide range of food products including chana dal, atta, besan, edible oils, spices, and cattle feed under its ‘Kherliwala’ brand.
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With no visible premium in the grey market, all eyes will be on whether retail investor participation and fundamentals can support listing day action.
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