The Apollo Techno Industries IPO has opened today in the primary market. This IPO belongs to the SME segment.
The company is seeing a good response in the gray market, which is why investors are showing interest. Let’s understand the key details of this IPO in simple terms.
IPO Dates, Price Band, and Investment Details
The IPO opens on December 23 and will remain open until December 26. The company has fixed a price band of ₹123 to ₹130 per share.
One lot consists of 1,000 shares, but investors must apply for a minimum of 2 lots, which means 2,000 shares. At the upper price band, retail investors need to invest at least ₹2.60 lakh to apply.
Issue Size and Anchor Investor Details
This SME IPO is worth ₹47.96 crore and is a completely fresh issue. The company will issue around 37 lakh new shares through this IPO.
The IPO was opened for anchor investors on December 22, from whom the company raised ₹13.65 crore.
For anchor investors, 50% of the shares have a lock-in period of 30 days, while the remaining 50% are locked in for 90 days.
Gray Market Premium (GMP) Update
According to Investors Gain, the IPO is currently trading at a premium of ₹15 in the gray market, indicating an estimated listing gain of about 11.54%. The highest GMP recorded so far for this IPO was ₹18.
Lead Manager and Registrar
Beeline Capital Advisors Private Limited is the Book Running Lead Manager for this IPO.
MUFG Intime India Private Limited has been appointed as the Registrar.
