Watrana Rentals will accept bids for its ₹120.10 crore public issue from November 19 through November 23. The company set its price band at ₹232 to ₹245 per share, projecting an 8.98% listing gain at the upper boundary alongside grey market activity. Investors face tiered entry thresholds, requiring at least ₹2,94,000 for standard retail bidding. Following share allotment on November 25, trading is tentatively scheduled to begin on November 27.
Key points
Retail investors face a minimum capital requirement of approximately ₹2,94,000 to bid for…: Retail investors face a minimum capital requirement of approximately ₹2,94,000 to bid for the mandatory two lots.
High net worth individuals are subject to distinct tiered bidding rules starting from thr…: High net worth individuals are subject to distinct tiered bidding rules starting from three lots for smaller participants up to seven lots for larger applicants.
The subscription window runs from November 19 to November 23 ahead of a tentative listing…: The subscription window runs from November 19 to November 23 ahead of a tentative listing on the NSE SME platform on November 27.
Sources checked by our analysis pipeline: 1
Watrana Rentals’ initial public offering is scheduled to open for subscription this week on Thursday, November 19. The SME IPO is an entirely fresh issue of 49.02 lakh shares of ₹120.10 crore.
The SME IPO will open for subscription in the second half of next week and close the following week. The IPO’s latest grey market premium (GMP) hints at 8.98% estimated listing gain, as per media reports trading the grey market price at 9 pm on Sunday, November 15. Here’s how much profit investors can expect in different categories in the SME IPO.
Watrana Rentals IPO GMP today
Watrana Rentals IPO grey market premium (IPO GMP) stood at ₹22, hinting at 8.98% listing day gain. Considering its upper price band, i.e. of ₹245 per share, the IPO is likely to be listed at ₹267 per share (sum of IPO GMP today and upper price band).
Watrana Rentals price band details
The SME IPO has fixed issue price band at ₹232 to ₹245 per share. Its lot size for an application is 600 shares.
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