The last opportunity to invest in Ganesh Infraworld’s IPO is tomorrow, Tuesday, December 3. The IPO opened on November 29, offering a price band of ₹78 to ₹83 per share.
Investors need to buy a lot of 1,600 shares to participate. The listing of this SME IPO is scheduled for December 6 on the NSE.
Rising Grey Market Premium Excites Investors
Ganesh Infraworld’s IPO has seen a surge in its grey market premium (GMP). On December 1, it was trading at a premium of ₹35 in the grey market.
By December 2, the premium increased by ₹15, reaching ₹50, according to a report by Investors Gain.
This rise has made the company’s IPO highly appealing, as it now holds the highest premium in the grey market.
Strong Response: 23 Times Subscription in Two Days
The IPO has witnessed strong investor demand, being subscribed 23 times in just two days.
In the retail category, it saw 35.33 times subscription, while the non-institutional investors (NII) category was subscribed 20.64 times,
and the qualified institutional buyers (QIB) category received 3.51 times subscription.
The IPO opened for anchor investors on November 28, successfully raising ₹26.59 crore from large investors.
The total size of Ganesh Infraworld’s IPO is ₹98.58 crore, with the company issuing 118.77 lakh fresh shares.
