SD Retail IPO final day: Check subscription status, GMP and other details

On the final day of the subscription, SD Retail IPO had seen an overall subscription of 97 times. The segment reserved for retail investors had been subscribed 62.25 times, and the NIB segment had been subscribed 207 times. The QIB segment booked at 69.84 times.

Nishant Kumar
Updated20 Sep 2024, 01:40 PM IST
SD Retail IPO opens today: Check subscription status, GMP and other details (Image: Pixabay)
SD Retail IPO opens today: Check subscription status, GMP and other details (Image: Pixabay)(Pixabay)

SD Retail IPO: Sleepwear manufacturer SD Retail's initial public offering (IPO) which was opened for subscription on Friday, September 20 has ended today. The SME IPO of 64.98 crore is a fresh issue of 49.6 lakh shares, out of which 14.12 lakh shares were reserved for anchor investors. 

Also Read | Envirotech Systems IPO allotment to be out today; here’s how to check status

SD Retail IPO subscription status

On the final day of the subscription, SD Retail IPO had seen an overall subscription of 97 times. The segment reserved for retail investors had been subscribed 62.25 times, and the NIB segment had been subscribed 207 times. The QIB segment booked at 69.84 times. 

Also Read | Deccan Transcon Leasing IPO allotment finalised: Latest GMP, how to check status

SD Retail IPO GMP

The last grey market premium (GMP) of SD Retail IPO was 40. This indicates that investors are bullish about the IPO in grey market. Considering the upper price band of the issue at 131 and its last GMP, the estimated listing price of SD Retail shares is 171, at a premium of 30.53 per cent.

Also Read | Why investors should consider these five alternatives to SME IPOs

Allotment and listing details 

The allotment of shares is expected to be finalised on Wednesday, September 25, and successful bidders can expect shares in their demat accounts on Thursday, September 26, while those who fail to get the allotment can expect the refund on the same day. Shares of the company may debut on Friday, September 27, on NSE SME.

The book-running lead manager is Beeline Capital Advisors Pvt Ltd, while Kfin Technologies is the registrar of the SD Retail IPO.

The net proceeds of the issue will be used to fund capital expenditures for setting up new exclusive brand outlets. The company intends to use some of the net proceeds to meet working capital requirements and for general corporate purposes.

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First Published:20 Sep 2024, 01:40 PM IST
Business NewsMarketsIPOSD Retail IPO final day: Check subscription status, GMP and other details

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