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Mint
7 days ago
- Business
- Mint
Repono IPO listing: Shares off to a tepid start, list at 6% discount on BSE SME
Repono IPO Listing: Shares of oil storage and transportation firm Repono Limited were off to a tepid start on Monday, August 4. Repono share price listed at ₹ 90 on the BSE SME, a 6.25% discount to the issue price of ₹ 96 apiece. The listing was significantly below expectations, as the grey market premium (GMP) for the Repono IPO was signalling a nearly 17% listing gain. Repono IPO GMP was at ₹ 16 ahead of its stock market debut today. The company's initial public offering had seen a stellar response, receiving 64.95 times bids. The retail portion was subscribed 67.31 times, the non-institutional investor (NII) portion 107.34 times and the qualified institutional buyer (QIB) portion 29.03 times. Repono IPO was entirely a fresh issue of 27.79 lakh shares, with the company looking to raise nearly ₹ 27 crore via the initial share sale. The company plans to use the IPO proceeds for funding capital expenditures (capex) towards the purchase of forklifts, hand pallet trolleys, and reach stackers; setting up pallet warehouse racking systems; developing software for warehouse management; meeting working capital needs; and general corporate purposes. Ahead of the start of the IPO on July 28, the company had raised ₹ 7.60 crore from the anchor investors. Wealth Mine Networks Private Limited acted as the book-running lead manager of the Repono IPO, while Cameo Corporate Services Limited was the registrar for the issue. Repono Limited provides a series of services across the oil value chain. It undertakes O&M of the crude oil terminal facility for one of the government-owned enterprises engaged in the oil sector. It also handles petro, diesel, ATF and ethanol for one of the largest crude oil and natural gas producers. The company is also engaged in the O&M of petrochemical warehousing, and its customers belong to the crude oil and natural gas industry, Public Sector Enterprise and others. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
28-07-2025
- Business
- Mint
Repono IPO Day 1: Subscription status, GMP, other key details you need to know
Repono IPO Day 1: Issue opened for subscription on 28 July 2025 and closes on 30 July 2025; Here is the subscription status, GMP, other key details you need to know Repono IPO was subscribed about 3.94 times by 4:40 PM on July 28, 2025. The public offering was subscribed to 2.49 times in the individual investors category, 7.00 times in the QIB category, and 3.25 times in the NII category. Repono's initial public offering (IPO) opened for subscriptions on July 28, 2025, and will close on July 30, 2025. The allotment for the Repono IPO is planned to be completed on Thursday, July 31, 2025. Repono IPO will be listed on BSE SME, with a tentative listing date of Monday, August 4, 2025. Repono IPO is a book-building issue of ₹ 26.68 crore. The offering involves a fresh issue of shares , totaling 27.79 lakh shares. Repono IPO: The Repono IPO pricing range is established at ₹ 91- ₹ 96 per share. The lot size for an application is 1,200. Individual investors (retail) considering the lot size and price band require a minimum investment of ₹ 218,400 (2,400 shares). The minimum investment for HNI is 3 lots (3,600 shares) of ₹ 345,600. Wealth Mine Networks Private Limited is the book-running lead manager for the Repono IPO, and Cameo Corporate Services Limited is the registrar. Repono IPO GMP, or Grey Market Premium, stood at +21 on July 28. This means that the shares of Repono are trading at an ₹ 21 premium over the upper band of the issue price of ₹ 96 in the grey market. This also means that investors are expecting a listing of Repono shares at a 21.88% premium, or ₹ 90 premium, over the upper band of the issue price and at ₹ 96. Disclaimer: The views and recommendations made above are those of individual analysts or brokerage companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
