Ambey Laboratories IPO set to Close Today (Check Rate)

The Ambey Laboratories IPO will close today, July 8. This IPO opened for investors on July 4. The company aims to raise Rs 44.68 crore through this IPO. The IPO received a strong response from investors in the first two days.

IPO Details and Price Band

The price band for the IPO is set between Rs 65 to Rs 68 per share. Investors need to buy at least one lot, which consists of 2000 shares, costing a minimum of Rs 1,36,000.

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Investors will be allotted shares on July 9, and the company’s listing on NSE SME will be on July 11, 2024.

The company will issue 62.58 lakh shares through a fresh issue and 3.12 lakh shares under an offer sale.

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The IPO was open for anchor investors on July 3, raising Rs 12.73 crore from major investors.

Strong Performance in the Grey Market

Ambey Laboratories’ position in the grey market is strong. The IPO has been trading at a premium of Rs 46 for several days.

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If this trend continues on the listing day, the IPO could list above Rs 110, benefiting investors greatly.

High Subscription Rates

The IPO opened on July 4 and received 18.66 times subscription on the first day. By the second day,

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the subscription rate had increased to 42.75 times, with the retail category receiving 64.90 times subscription on July 5.

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