Sameera Agro and Infra‘s IPO subscription period began on December 21 and concluded on December 27. The infrastructure development and construction company, formerly known as Sameera Homes, set the issue price at ₹180 per share.
Investors could submit bids for a minimum of 800 equity shares or in multiples thereof, with a minimum investment of ₹1.44 lakh. Retail investors had the option to bid for a single lot of 800 equity shares, while non-retail investors were required to bid for a minimum of two lots (1,600 equity shares), totaling at least ₹2.88 lakh.
You can follow these steps to check the Sameera Agro and Infra IPO allotment status
- Visit the registrar’s website.
- Click on ‘Select Company' and choose ‘Sameera Agro and Infra'.
- Input your PAN, application number, DP/Client ID, or Account number/IFSC.
- Enter the captcha.
- Click on submit.
See Also: Why Zomato Share Price Is Crashing Today
Mufti IPO Details And GMP: Established in 2002, Sameera Agro and Infra initially focused on infrastructure development and construction. Over time, it diversified its operations to include the processing, drying, sale, purchase, marketing, and distribution of agricultural commodities, such as pulses, cereals, grains, and lentils.
The funds raised from the IPO will be allocated for various purposes, including ongoing project construction, establishing a new multiplex, addressing working capital needs for the agro-business, and managing general corporate expenses.
On the second day, the issue was subscribed over 1.76 times, with 61.17 lakh applications. Retail, non-institutional, and qualified institutional buyers received 38.2 lakh, 22.9 lakh and 3,200 applications, respectively.
The subscription on the first day stood at 27%, experiencing a notable surge to 90% by the second day.
As of the latest information, the Grey Market Premium (GMP) for Sameera Agro IPO today is ₹0, indicating that shares were trading at their issue price of ₹180 with no premium or discount in the grey market.
Read Next: Most Anticipated IPOs Of 2024 In India: A Guide To Next Year’s Public Market Debuts
Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.