The allotment of Sadhav Shipping s SME IPO will be finalised today. Investors can check the status on Maashitla Securities website. The company s shares are trading at a premium. The IPO received a strong response with 135 times subscription.
Unlisted shares of Sadhav Shipping Ltd are trading Rs 28 higher in the grey market, expecting a 29.47 per cent listing gain from the public issue, Sadhav Shipping IPO: Check Subscription Status, GMP Today
Around six new initial public offerings (IPO), including three in mainboard and three small and medium enterprise (SME), are set to hit Dalal Street in the upcoming week.
Sadhav Shipping IPO: The net proceeds from the public offer will be used for repayment of debt, funding capex, to meet working capital requirements and for general corporate purposes.
The Sadhav Shipping IPO was subscribed over 1.44 times on Friday, February 23. The SME IPO received 57,78,000 applications against offered 40,18,800 shares, as per data available at NSE.