Latest Grey Market Premium Updates for Sheetal Universal IPO

[Informative Blogs]

The grey market premium (GMP) of Sheetal Universal IPO is ₹7 per share. The allotment for the IPO is expected to be finalised on Thursday, December 7, 2023. The non-institutional investors category has shown notable interest, recording a subscription rate of 17.26 times. Unlisted shares of Sheetal Universal Ltd are trading ₹12 higher in the grey market, which is a 17.14% listing gain from the public issue.

The price band of Sheetal Universal limited IPO is ₹70 per share. The IPO opened for subscription on December 4, 2023, and closed on December 6, 2023. The company has issued 34 lakh equity shares, with an issue size of ₹23.80 crore

If you are a Zerodha customer, you can apply for the IPO by logging into Zerodha Console (back office) and submitting an IPO application form. Please note that the minimum lot size for an application is 2000 shares, and the minimum amount of investment required by retail investors is ₹140,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹280,000. The allotment for the Sheetal Universal IPO GMP is expected to be finalised on Thursday, December 7, 2023, and the shares are expected to be listed on the National Stock Exchange (NSE) SME on Monday, December 11, 2023.

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