Freshera Agro Exports’ IPO is receiving an overwhelming response from investors. As of 12 noon on Monday, the IPO has been subscribed more than 70 times.
This is the final opportunity to invest in the company’s IPO, which is open for subscription until October 21, 2024.
The IPO was launched on October 17, 2024, and the company’s shares are performing exceptionally well in the grey market, trading at a 90% premium.
Expected Listing Price Around Rs 220
The issue price for Freshera Agro Exports IPO is Rs 116 per share, and in the grey market, the shares are trading at a premium of Rs 105.
Based on this grey market premium (GMP), the shares are expected to list at around Rs 221, providing investors with a potential profit of 90% on the day of listing.
The company’s shares will be listed on the SME platform of the National Stock Exchange on October 24, 2024.
Subscription Details: Over 70 Times Demand
As of Monday noon, the IPO has been subscribed 70.83 times. Retail investors’ quota was subscribed 88.08 times, while the non-institutional investors (NII) category saw 115.25 times subscription.
In the qualified institutional buyers (QIB) category, the subscription stood at 7.27 times. Retail investors can apply for only 1 lot, which contains 1,200 shares, requiring an investment of Rs 139,200 for one lot.
