๐ IPO GMP 15 JUNE 2024: Exciting Investment Opportunity ๐
If you’re looking to invest in IPOs and make a strong profit, this news is for you! GIP Eco Solutions company’s IPO opens tomorrow for investment. The company’s IPO will be open for investment from 14 June, 2024, with a deadline of 19 June, 2024. The IPO price band has been set at โน90-94 per share. With the stock market showing some improvement, investing in IPOs at this time could be very lucrative.
Based in Noida, GIP Eco Solutions will be selling 32,76,000 new equity shares in the open market through the book-building process. 3.27 lakh equity shares are reserved for anchor investors, and 8.83 lakh equity shares for non-institutional investors. For NII, 4.44 lakh equity shares are reserved, and 5.89 lakh equity shares for QIB buyers. GIP Eco Solutions has set aside 10.32 lakh shares for retail investors in its IPO.
The company offers 2,000 shares in a lot under its IPO. According to the red herring prospectus, the company is also involved in distributing solar inverters and panels. Corporate Capital Ventures Private Limited has been appointed as the book running lead manager for the IPO, and Bigshare Services Private Limited as the IPO registrar. SS Corporate Securities Firm has been appointed as the market maker for GIP Eco Solutions IPO.
According to market analysts reviewing the grey market, GIP Eco Solutions IPO is trading at a premium price of โน125 per share in the grey market. This means the share could be listed at โน219. Investors could potentially earn a 133% profit on the first day of listing in the stock market.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.