The Unilex Colours and Chemicals Limited IPO opened for subscription on September 25, 2024. This piece provides all the key details, including the subscription status, Grey Market Premium (GMP), and important dates.
As of September 25, 2024, the Unilex Colours and Chemicals IPO received a total subscription of 0.56 times. This means that investors applied for 56% of the total shares available.
Here’s the breakdown:
- Retail Investors: The retail category, which is for individual investors, was subscribed 0.95 times. This shows strong interest from everyday investors.
- Qualified Institutional Buyers (QIBs): The QIB category had no subscriptions yet (0.00 times). This group includes big investors like banks and mutual funds.
- Non-Institutional Investors (NIIs): The NII category, which covers high-net-worth individuals and companies, was subscribed 0.41 times.
The subscription will continue until the IPO closes on September 27, 2024. So, more investors might still apply, and the subscription numbers can increase over the next few days.
The price range for the Unilex Colours and Chemicals IPO is set between ₹82 and ₹87 per share. This is known as the price band. Investors need to buy a minimum of one lot of shares, with each lot consisting of 1,600 shares.
For retail investors, buying one lot means investing a minimum of ₹139,200. If you are an NII, you need to invest in at least two lots, which would cost ₹278,400.
The Grey Market Premium (GMP) for the Unilex Colours and Chemicals IPO was reported at +₹13 on September 25, 2024. This means that in the grey market, which is an unofficial market for trading shares before they are listed, people are willing to pay ₹13 more than the issue price.
Key Dates
Here are the important dates you need to know for the Unilex Colours and Chemicals IPO:
- IPO Opening Date: September 25, 2024
- IPO Closing Date: September 27, 2024
- Allotment Date: September 30, 2024
- Refund Initiation Date: October 1, 2024
- Credit of Shares to Demat Accounts: October 3, 2024
- Listing Date: October 3, 2024
The shares will be listed on the NSE SME, which is a platform for smaller and medium-sized companies to raise funds through the stock market.
For retail investors, the GMP of +₹13 suggests there could be a profit if the shares list at a premium on the stock market. However, the stock market is unpredictable, and it’s important to do thorough research before investing. You should also consult with a financial advisor if needed.
The Unilex Colours and Chemicals IPO has drawn interest due to the company’s strong financials and growth potential in the pigments and dyes sector. If the grey market is any indication, the shares might list at a higher price than expected, offering early investors the chance for capital gains. However, like all investments, it comes with risks, so make sure to stay informed.
