Two New IPOs Launching This Week: Srigee DLM and Manoj Jewellers
IPO This Week: Two new Initial Public Offerings (IPOs), Srigee DLM and Manoj Jewellers, are launching on May 5th, the first trading day of the week. These IPOs are showing b Grey Market Prices (GMPs) and have attracted significant investor attention. Let's delve into the details of these companies, including their price bands, issue structure, and listing dates.
Srigee DLM IPO – Price Band and Lot Size
Price Band: ₹94 to ₹99 per share
Lot Size: 1200 shares
Minimum Investment: ₹1,12,800
Issue Size: ₹16.98 crore
Listing Date: May 12th, BSE SME
Allotment Date: May 8th
GMP: ₹10.5 (10% above the price band)
The Srigee DLM IPO has allocated 50% of its shares to Qualified Institutional Buyers (QIBs), 35% to retail investors, and 15% to non-institutional investors.
Manoj Jewellers IPO – Price Band and Lot Size
Price Band: ₹54 per share
Lot Size: 2000 shares
Minimum Investment: ₹1,08,000
Issue Size: ₹16.20 crore
Listing Date: May 12th, BSE SME
Allotment Date: May 8th
GMP: Zero (currently no premium)
Manoj Jewellers' IPO has reserved 50% of its shares for retail investors. The IPO price band is set at ₹54 per share and will be open from May 5th to May 7th.
Other Important Information
Allotment and Listing: Allotment for both IPOs will be on May 8th, and they will be listed on the BSE SME on May 12th.
Investor Strategy: Both companies' IPOs exhibit b GMPs, suggesting potential for good returns for investors.
