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Business News/ Markets / Ipo/  Cellecor Gadgets IPO: GMP jumps as NSE SME IPO gets fully subscribed on day one
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Cellecor Gadgets IPO: GMP jumps as NSE SME IPO gets fully subscribed on day one

Cellecor Gadgets IPO GMP today is ₹45, which is ₹5 higher from Friday GMP of ₹40, say market observers

Cellecor Gadgets IPO subscription status: The book build issue has been fully subscribed on day one of bidding. (Photo: Courtesy Cellecor Gadgets Limited website)Premium
Cellecor Gadgets IPO subscription status: The book build issue has been fully subscribed on day one of bidding. (Photo: Courtesy Cellecor Gadgets Limited website)

Cellecor Gadgets IPO: The initial public offering (IPO) of Cellecor Gadgets limited opened on Friday and it will remain open for bidders till 20th September 2023. The book build issue is proposed for listing on NSE SME exchange and the public offer has received strong response from investors on day one of bidding. The public offer has been fully subscribed on day one of bidding as the initial offer received bids for 71,32,800 shares against 55,18,800 shares offered by the company.

Meanwhile, grey market has gone bullish on Cellecor Gadgets IPO. According to market observers, shares of Cellecor Gadgets Limited are available at a premium of 45 in grey market today.

Cellecor Gadgets IPO GMP today

Market observers said that Cellecor Gadgets IPO gtrey marklet premium (GMP) today is 45, which is 5 higher from its Friday GMP of 40. They said that rise in Cellecor Gadgets IPO GMP can be attributed to bull trend on Dalal Street and strong response given by investors to the book build issue. They said that grey market mood main remain bullish as Nifty has sustained above 20,100 levels and it has been hitting life-time high for the last two straight sessions.

On what this Cellecor Gadgets IPO GMP mean, market observers said that grey market is trying to signal that Cellecor Gadgets shares may have a strong debut on Dalal Street when it makes a debut in secondary market. They said that Cellecor Gadgets IPO GMP today is 45, which means the issue is expected to list at 137 ( 92 + 45), which is around 49 per cent higher from Cellecor Gadgets IPO price band of 87 to 92 per equity share.

Cellecor Gadgets IPO subscription status

After day one of bidding, the public issue has been fully subscribed. As per the information available on NSE website, the NSE SME IPO has been subscribed 1.29 times as it has received for 71,32,800 shares against 55,18,800 shares offered by the company. Retail portion of the SME IPO has been subscribed 1.88 times as it received bids for 34,56,000 shares against the offered 18,34,800 shares for retail investors.

Cellecor Gadgets IPO details

Bidding for the SME IPO will renmain open till 20th September 2023. The book build issue has been offered at a price band of 87 to 92 per equity share. Cellecor Gadgets IPO allotment date is expected on 25th September 2023 whereas it is expected to list on 28th September 2023.

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ABOUT THE AUTHOR
Asit Manohar
Chief Content Producer at Live Mint Digital Team
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Updated: 16 Sep 2023, 02:45 PM IST
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