DelaPlex IPO oversubscribed within hours, check GMP today

Delaplex IPO: The initial public offering of IT solutions provider Delaplex Ltd, which was opened for public subscription on Thursday, January 25, has already been oversubscribed within hours. The IPO will remain open till Tuesday, January 30. As of 11:14 am on the first day of bidding on Thursday, the Rs 46.08 crore SME IPO was subscribed 2.64 times, with bids received for 9,01,200 shares against 3,42,000 shares. On offer.

The retail category has received 0.99 times subscription and the non-institutional category quota has received 0.51 times subscription.

The allotment of Delaplex IPO will take place on January 31, while its listing on NSE SME will take place on February 2, 2024.

delaplex ipo gmp today

According to market observers, unlisted shares of DelaPlex Ltd are trading at Rs 125 higher in the gray market than their issue price. The gray market premium or GMP of Rs 125 means the gray market is expecting 65.1 per cent listing profit from the public issue. GMP is based on market sentiments and keeps changing.

The ‘grey market premium’ refers to the willingness of investors to pay more than the issue price.

Delaplex IPO Details

The Delaplex IPO is a combination of a fresh issue of 18 lakh shares worth Rs 34.56 crore and an offer for sale of 6 lakh shares worth Rs 11.52 crore.

The price band of DelaPlex IPO has been fixed at Rs 186 to Rs 192 per share. The minimum lot size for an application is 600 shares. The minimum investment amount required for retail investors is Rs 1,15,200. The minimum lot size investment for HNIs is 2 lots (1,200 shares), amounting to Rs 2,30,400.

Shreni Shares Ltd. is the book-running lead manager of the Delaplex IPO, while BigShare Services Pvt. Ltd. is the registrar to the issue. The market maker for the Delaplex IPO is Shreni Shares.