Antala Industries shares will list on the BSE SME platform on November 11. The Rs 22.98-crore IPO got subscribed 12.2 times after bidding closed on November 5. With a grey market premium of Rs 0, the stock is expected to have a flat debut at its issue price of Rs 66.
Antala Industries shares are set to make their stock market debut on November 11, following a public issue that attracted strong investor demand, with the initial public offering (IPO) subscribed 12.2 times on the final day of bidding. The Rs 22.98-crore Antala Industries IPO received bids for 4.25 crore shares against 34.82 lakh shares on offer, according to exchange data. The issue was open for subscription from October 29 to November 5. Read Also: Vedant Poly Fabs shares make flat debut on NSE Emerge, list at issue price of Rs 94 The Qualified Institutional Buyers (QIB) category led the demand, with the portion reserved for institutional investors subscribed 66.72 times.
The non-institutional investors (NII) category was subscribed 37.38 times, while the retail individual investors' portion received bids 5.22 times the shares on offer. The grey market premium (GMP) of Antala Industries IPO stood at Rs 0 on the morning of November 9, according to IPOWatch. This indicates that the shares were trading at par with their upper issue price of Rs 66 in the unofficial market. Based on the latest GMP, the estimated listing price of Antala Industries shares is Rs 66, indicating a flat market debut. However, the grey market premium is an unofficial indicator and does not guarantee the actual listing price.
It can change before the shares make their stock market debut. Check IPO News Here Antala Industries launched its Rs 22.98-crore SME IPO with a price band of Rs 62-66 per share. The basis of allotment was finalised on November 6, while refunds and credit of shares to demat accounts are scheduled for November 9. The shares are scheduled to list on the BSE SME platform on November 11. The company plans to utilise the IPO proceeds towards meeting its working capital requirements, purchasing machinery and general corporate purposes. Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management.
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