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Two New IPOs, Srigee DLM and Manoj Jewellers, Launch This Week

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.

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