Inspire Films shares debut at 13.5% premium at ₹67 on NSE SME

Inspire Films listing date: Inspire Films shares made a somewhat a decent debut on NSE SME today. On NSE SME, Inspire Films share price today was listed at ₹67 per share, nearly 13.55% higher than the issue price of ₹59.

Inspire Films IPO price band was set in the range of ₹56 to ₹59 per equity share of face value of ₹10 each. Inspire Films IPO lot size was 2000 equity shares and in multiples of 2000 equity shares thereafter. Inspire Films IPO opened for subscription on Monday, September 25, and closed on Wednesday, September 27.

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Inspire Films IPO details

A fresh issue of 3,598,000 equity shares totalling ₹21.23 crore makes up the Inspire Films IPO issue and there's no offer for sale (OFS) component. Yash Arabinda Patnaik and Beyond Dreams Entertainment Private Limited are the company's promoters.

Also Read: Inspire Films IPO Day 2: Issue subscribed over 34 times; retail portion booked 55.71x

The company plans to use the net proceeds from the offering to pay for general corporate expenses, working capital needs, and meet issue expenses.

The registrant for the Inspire Films IPO was Maashitla Securities Private Limited, while the book-running lead manager was Narnolia Financial Services Ltd. Share India Securities was the IPO market maker for Inspire Films.

Also Read: Inspire Films IPO allotment finalised: Latest GMP, here's how to check allotment status

Inspire Films IPO GMP today

Inspire Films IPO GMP today or grey market premium is +20 similar to previous five trading session. This indicates that the shares of Inspire Films IPO GMP today were trading at a premium of ₹20 in the grey market on Thursday, according to ipowatch.in

Considering the upper end of the Inspire Films IPO price band and the current premium in the grey market, the estimated listing price of Inspire Films share price was ₹79 apiece, which is 33.9% higher than the Inspire Films IPO issue price of ₹59.

'Grey market premium' indicates investors' readiness to pay more than the issue price.

Also Read: Inspire Films IPO Day 3: Issue subscribed by a robust 129 times on last day; retail portion booked over 180x