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Check the subscription status and GMP today when the Supreme Power Equipment IPO closes today

<p><strong>Supreme Power Equipment IPO:</strong> Investors are responding rather well to Supreme Power Equipment Ltd.’s initial public offering, which is scheduled to conclude on Tuesday. The initial public offering (IPO) garnered 56.03 times the subscription up to 11:57 am on Tuesday, the last day of bidding. Bids were received for 24,53,08,000 shares compared to 43,78,000 shares.</p>
<p><img decoding=”async” class=”alignnone wp-image-323169″ src=”https://www.theindiaprint.com/wp-content/uploads/2023/12/theindiaprint.com-check-the-subscription-status-and-gmp-today-when-the-supreme-power-equipment-ipo-c-750×563.jpg” alt=”theindiaprint.com check the subscription status and gmp today when the supreme power equipment ipo c” width=”1171″ height=”879″ title=”Check the subscription status and GMP today when the Supreme Power Equipment IPO closes today 6″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2023/12/theindiaprint.com-check-the-subscription-status-and-gmp-today-when-the-supreme-power-equipment-ipo-c-750×563.jpg 750w, https://www.theindiaprint.com/wp-content/uploads/2023/12/theindiaprint.com-check-the-subscription-status-and-gmp-today-when-the-supreme-power-equipment-ipo-c-1024×768.jpg 1024w, https://www.theindiaprint.com/wp-content/uploads/2023/12/theindiaprint.com-check-the-subscription-status-and-gmp-today-when-the-supreme-power-equipment-ipo-c-768×576.jpg 768w, https://www.theindiaprint.com/wp-content/uploads/2023/12/theindiaprint.com-check-the-subscription-status-and-gmp-today-when-the-supreme-power-equipment-ipo-c-150×113.jpg 150w, https://www.theindiaprint.com/wp-content/uploads/2023/12/theindiaprint.com-check-the-subscription-status-and-gmp-today-when-the-supreme-power-equipment-ipo-c.jpg 1200w” sizes=”(max-width: 1171px) 100vw, 1171px” /></p>
<p>The public might sign up for the Rs 46.67-crore initial public offering (IPO) on Thursday, December 21.</p>
<p>The retail individual investor (RII) quota was subscribed to 90.73 times, compared to 48.37 times for the non-institutional investor category. 1.06 times as many qualified institutional buyers (QIBs) as available quota were subscribed.</p>
<p>December 27 is the day of the IPO allotment, and December 29 is the date of the SME NSE listing.</p>
<p>IPO GMP of Supreme Power Equipment Today</p>
<p>Market watchers report that unlisted shares of Supreme Power Equipment Ltd. are now selling on the gray market for Rs 60 more than the issue price. The grey market anticipates a 92.31% listing gain from the public offering, as shown by the Rs 60 gray market premium, or GMP. The GMP is dynamic and dependent on market mood.</p>
<p>The willingness of investors to pay above the issue price is shown by the “grey market premium.”</p>
<p>Initial Public Offering of Supreme Power Equipment</p>
<p>71.8 lakh shares are being issued wholly anew in the Supreme Power Equipment IPO. The pricing range for the Supreme Power Equipment IPO is Rs 61 to Rs 65 per share. A minimum of 2,000 shares is required for an application lot size. Retail investors are needed to invest a minimum of Rs 1,30,000.</p>
<p>Purva Sharegistry India Pvt Ltd is the registrar for the Supreme Power Equipment IPO, while Narnolia Financial Services Ltd is the book-running lead manager. Share India Securities is the market maker for the IPO of Supreme Power Equipment.</p>
<p>Supreme Power Equipment Limited was founded in 1994 and specializes in the production, restoration, and upkeep of transformers of all kinds, including power, generator, windmill, distribution, isolation, solar, energy-efficient, converter, and rectifier transformers.</p>
<p>The IPO’s revenues will be used for general corporate objectives, issue costs, capital expenditures, and the company’s working capital needs.</p>

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