The initial public offering (IPO) of Crystal Crop Protection is all set to open for subscription on Wednesday, November 18. The IPO’s grey market premium (GMP) hints at 5.15% listing gain for investors. The IPO is a combination of fresh issue and offer for sale (OFS).
Valuing at approximately ₹4,438 crore at the upper end of the price range, Crystal Crop IPO subscription process will begin on Wednesday and conclude on Friday. Here are all the details about the IPO and a calculation of how much profit investors are expected to make based on the latest GMP.
Crystal Crop IPO GMP today
Crystal Crop Protection’s last recorded grey market premium (GMP) stood at ₹14. With its upper price band fixed at ₹272 per share, the estimated listing price for Crystal Crop Protection IPO stood at ₹286 per share (which is the sum of upper price band and latest GMP), indicating an estimated listing gain for Crystal Crop Protection IPO at 5.15%.
Minimum investment required by retail investors, institutional investors
The IPO's issue price band is fixed at ₹259 - ₹272…