Italian Edibles IPO Listing On February 12: What GMP Suggests?

Italian Edibles IPO: The initial public offering of the Italian Edibles IPO, which was closed on February 7, is going to be listed on the NSE SME on Monday, February 12. Here’s how to check allotment status, and what GMP suggests today.

On the final day of bidding on February 7, the IPO received over 154 times subscription, garnering bids for 57,44,78,000 shares as against 37,20,000 shares on offer. The retail category received 120.62 times subscription and the non-institutional investor (NII) category quota got 177.37 times subscription.

The Rs 26.66-crore SME IPO was opened for public subscription between February 2 and February 7.

The Italian Edibles IPO listing will take place on the NSE SME on February 12, 2024.

How To Check Italian Edibles IPO Allotment Status

The Italian Edibles IPO allotment status is visible on Bigshare Services’ website. Here’s a step-by-step guide to check the Italian Edibles IPO application status:

1) Go to the Bigshare Services Pvt Ltd website via the URL (https://www.bigshareonline.com/ipo_Allotment.html)

2) From here, you will have to select one of the three available servers

3) Select the name of the IPO via the dropdown menu. The name will only be populated when the share allotment process is finalised

4) You need to select either one of the three modes: Application number, Beneficiary ID or PAN ID

5) Enter the details of the mode you selected in Step 3

6) Click on the search option

Your allotment status will be visible now.

Italian Edibles IPO GMP Today

According to market observers, unlisted shares of Italian Edibles Ltd are trading Rs 12 higher in the grey market as compared with its issue price. The Rs 12 grey market premium or GMP means the grey market is expecting a 17.65 per cent listing gain from the public issue. The GMP is based on market sentiments and keeps changing.

‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.

Italian Edibles IPO Details

The Italian Edibles IPO was entirely a fresh issue of 39.2 lakh shares. The price of the Italian Edibles IPO was fixed at Rs 68 per share.

The minimum lot size for an application was 2,000 shares. The minimum amount of investment required by retail investors was Rs 1,36,000. The minimum lot size investment for HNI was 2 lots (4,000 shares) amounting to Rs 2,72,000.

First Overseas Capital Limited is the book-running lead manager of the Italian Edibles IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Italian Edibles IPO is Nikunj Stock Brokers.