Pattech Fitwell Tube Components is an SME IPO offering up to 12 crores in 24 lakh equity shares having a face value of 10 rupees. The share price is.50. Orders require 3000 shares. IPO trading began on April 5, 2023, and ended today, April 12, 2023. IPO registrar Bigshare Services Pvt Ltd and lead manager Fedex Securities Ltd.
The market maker for Pattech Fitwell Tube Components Ltd.’s SME IPO will be Pure Broking Private Ltd. Bharatbhai Jivrajbhai and Jaysukhbhai Popatbhai Limbani to promote the firm. Pattech Fitwell Tube Components sells 2,400,000 equity shares. Retail investors and institutional, corporate, and HNI applicants (NII and QIB) receive 1,200,000 shares each. The offering gave HNI/NII investors 50% of the net offer and retail investors 50%.
On its last day, April 12, 2023, Pattech Fitwell Tube Components’ IPO had 1.97 times as many subscribers, 1.90 times in retail, and 2.05 times in other. Pattech Fitwell Tube Components SME IPO was subscribed 0.62x, 0.78x, 1.07x, and 1.23x on Days 1–4.
22,80,000 shares were bid vs 12,00,000 given.
In the retail sector, there was 22,80,000 shares total bid as compared to the 12,00,000 shares provided, while there were 24,57,000 shares total bid for the NII category as opposed to the 12 lakh shares offered. There were 47,37,000 total shares bid as opposed to 24 lakh total shares offered.
Allotment will be complete on April 18, 2023, and payments will begin on April 19. On April 21, 2023, the business will launch on NSE SME.
The GMP movement today is negative, indicating a cheaper stock market listing. Pattech Fitwell Tube Components Ltd.’s IPO fixed issue price is Rs. 50. The grey market expects a reduced listing at Rs. 44 per share based on the GMP indication on April 12, 2023. The GMP of Rs-6 on the stated IPO price of Rs50 represents a listing discount of -12.00% for Pattech Fitwell Tube Components Ltd. on NSE SME.