IPO News Updates: Today, Aztec Fluids & Machinery IPO is one of the companies whose IPO is the last chance to bet in the stock market. The IPO opened for retail investors on May 10. Let us tell you, the price band of IPO has been fixed at Rs 63 to Rs 67 per share.
The size of the company’s IPO is Rs 24.12 crore. The company will issue 36 lakh fresh shares through IPO.
This railway stock is running like a bullet train, sharp rise in prices
23 times subscription in 2 days
The IPO has so far received good response from investors. Aztec Fluids & Machinery IPO was fully subscribed on the first day itself. Whereas on the second day i.e. yesterday, 20.78 times subscription was received. In which maximum subscription was received in retail section at 20.78 times. Let us tell you, on the first day i.e. on May 10, the IPO was subscribed 3.97 times.
Minimum investment will have to be Rs 1,34,000
If you are also thinking of betting on the IPO of this company, then let us tell you that the lot size has been made of 2000 shares. Because of which investors will have to place a bet of at least Rs 1,34,000. Allotment of shares from the company is possible on 15th May i.e. tomorrow. Whereas, the listing will be in BSE SME.
What is GMP? (Aztec Fluids IPO GMP Today)
The company’s IPO is trading at a premium of Rs 30 in the gray market. It is being estimated that the listing of the company could be Rs 97 per share. If this happens, the company can give investors a return of more than 44 percent on the first day.
The IPO was opened for anchor investors on May 9. The company had raised Rs 6.85 crore through anchor investors. Let us tell you, the promoters’ stake in the company before the IPO was 100 percent.
