With a grey market premium indicating a possible listing price of ₹362, Sanathan Textiles’ initial public offering (IPO), which is scheduled to take place from December 19 to 23, has been fully subscribed. With 400 crore coming from new shares, the IPO hopes to raise 550 crore. The date of listing is December 27.
Day 3 of Sanathan Textiles’ IPO:
Investors have responded favourably to Sanathan Textiles’ initial public offering (IPO), which went live on Thursday, December 19, and ends today, Monday, December 23. The grey market trends show that investors anticipate the stock will list at a premium, and the issue has been fully subscribed.
The pricing range for Sanathan Textiles’ IPO is between ₹305 and ₹321 per equity share. Of the 550 crore the business hopes to raise, 400 crore will come from new shares. The OFS route will receive the remaining ₹150 crore. On December 27, the stock will be listed on both the BSE and the NSE.
