12.12.2023 Presstonic IPO GMP Status and Subscription
Presstonic Engineering Share currently trade in Rs 50 premium price in grey market. Issue price 72 it means share trade almost 72+50=Rs 122 almost 69.4% premium, this is a good sign.
According to NSE total 15,19,50,400 number of bids are placed on NSE and 46.94 number of times issue subscribed.
Presstonic Engineering Ltd IPO GMP positive response, company fixed the face value of each share at Rs 10. This is a brand-new issue with no offers for sale and a single lot size of 1600 shares with a minimum investment requirement of Rs 115,200.
Presstonic Engineering Ltd IPO GMP Details
Presstonic IPO already open today, investor are starting to place their bids, IPO close date 13 December 2023 , share allotment 14 December 2023 and listing in NSE SME on 18 Dec 2023
According to investorgain.com Presstonic Engineering IPO GMP trading today Rs 32 , company fixed price Rs 72 per share ( 72 + 32 )= Rs 104 it means Presstonic share trade 44.45% premium at isuue price. GMP shows that the share may be acchived a good listing gain. GMP premium indicates investors are shows intrest in this share.
Company issue 32,36,800 equity shares which value Rs 23.3 crore NSE data show Presstonic Engineering Ltd IPO today means first day total bids recived 5,04,30,400, it is 15.58 number of times subscribe issue shares.
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