Medistep Healthcare IPO Subscribed 49x; GMP Hints at 23% Listing Gains
GMP (Grey Market Premium): The extra price traders are ready to pay is now ₹10, down from ₹20 a few days ago. This means the share may list at around ₹53 on August 18 — about 23% higher than the issue price of ₹43.
IPO Details:
Total money to be raised: ₹16 crore
Price: ₹43 per share
Lot size: 3,000 shares (minimum 6,000 shares for retail = ₹2,58,000)
Dates: Open Aug 8, Close Aug 12
Allotment likely on Aug 13, listing on Aug 18 (NSE SME)
Why the money is being raised: To buy machines for expanding the current factory, for working capital, and other business needs.
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