The IPO of Harshdeep Hortico opened for subscription on January 29, 2024 and will close on January 31, 2024.
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The price range of the IPO has been fixed at Rs 42-45 per share.
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Bids were received 1.23 times more than the shares offered and the IPO was fully subscribed on the first day.
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The price range of the IPO has been fixed at Rs 42-45 per share. 1.23 times more bids were received than the shares offered and the IPO was fully subscribed on the first day.
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Retail investors showed the most interest by oversubscribing their shares by 1.76 times. The NII quota received 42 per cent subscription, while the QIB portion received no bids.
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The company's shares were trading at a premium of Rs 10 in the gray market since January 19, 2024. The latest issue of 42.42 lakh shares included in the IPO was not offered for sale.
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Investors can bid for a minimum lot size of 3,000 shares, with a minimum investment of Rs 1.35 lakh required for retail investors. The allotment is expected to take place on February 1, 2024, and the listing date on BSE SME has been tentatively set for February 5, 2024.
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