BackCellecor Gadgets share price lists at ₹92, same as its IPO price on NSE SME
Cellecor Gadgets shares make muted debut on NSE SME, locked in 5% upper circuit after listing at ₹92 per share.
PremiumCellecor IPO listing date: Cellecor Gadgets share price made a muted debut on NSE SME on Thursday. On NSE SME, Cellecor Gadgets share price today was listed at ₹92 per share same as the issue price.
However, Cellecor Gadgets share price were locked in 5% upper circuit post muted listing. Cellecor Gadgets stock touched intraday high of ₹96.60 and low of ₹88.15 apiece.
Cellecor Gadgets Ltd opened for subscription on September 15 and closed on September 20. The SME company announced price band in the range of ₹87 to ₹92 per equity share.
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Cellecor Gadgets IPO details
Cellecor Gadgets IPO comprises a fresh issue of 55,18,800 equity shares aggregating up to ₹50.77 crore. The face value of each share is ₹10 apiece.
Narnolia Financial Services Ltd is the book running lead manager of the Cellecor Gadgets IPO, while Skyline Financial Services Private Ltd is the IPO registrar.
The company raised ₹14.46 crore from anchor investors ahead of the IPO opening.
Cellecor Gadgets IPO GMP today
Cellecor Gadgets IPO GMP today or grey market premium is +50 similar to previous two trading sessions. This indicates that the shares of Cellecor Gadgets IPO GMP were trading at a premium of ₹50 in the grey market on Thursday, according to topsharebrokers.com.
Also Read: Cellecor Gadgets IPO: GMP jumps as NSE SME IPO gets fully subscribed on day one
Considering the upper end of the Cellecor Gadgets price band and the current premium in the grey market, the estimated listing price of Cellecor Gadgets share price was ₹142 apiece, which is 54.35% higher than the Cellecor Gadgets issue price of ₹92.
'Grey market premium' indicates investors' readiness to pay more than the issue price.
Also Read:Cellecor Gadgets IPO opens today. GMP, price, other details in 10 points
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