Sunita Tools IPO Day 5: Issue subscribed over 13 times so last day; retail category booked 21.10x

Sunita Tools IPO: The initial public offering (IPO) of mold base and machining parts manufacturer Sunita Tools Ltd closes today. Sunita Tools IPO is an SME IPO and a fixed price issue that opened for subscription on September 26.

The public offer is proposed for listing on BSE SME exchange and the company aims to raise ₹22.04 crore from this public offer. 

Sunita Tools IPO has received strong demand from investors as the issue has been oversubscribed so far.

Sunita Tools IPO Details:

1] Sunita Tools IPO GMP: Sunita Tools IPO GMP today, or grey market premium today, is ₹20 per share. This shows that the shares of the company are available at a premium of ₹20 in the grey market today, say market observers.

2] Sunita Tools IPO Subscription Status: Sunita Tools IPO has been subscribed 13.24 times on Tuesday, October 3, the fifth and the last day of the bidding process. The public issue received bids for 1.90 crore equity shares as against 14.42 lakh shares offered, as per data available at chittorgarh.com

The IPO has been booked 21.10 times in the retail category and 5.27 times in the Non-Institutional Investors' (NII) category.

4] Sunita Tools IPO price: The issue is priced at ₹145 per equity share.

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5] Sunita Tools IPO date: The public issue opened on September 26 and it will close on October 3.

6] Sunita Tools IPO size: The company aims to raise ₹22.04 crore from this public offer.

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7] Sunita Tools IPO lot size: A bidder will be able to apply in lots and one lot comprises 1,000 company shares.

8] Sunita Tools IPO investment limit: One lot of the issue comprises 1,000 shares and one share is offered at ₹145 apiece. So, the minimum amount required to apply for the public issue is ₹1,45,000 or ₹1.45 lakh.

9] Sunita Tools IPO allotment date: The tentative date for share allocation is October 6, 2023.

10] Sunita Tools IPO listing date: The public offer is proposed for listing on BSE SME exchange and expected share listing date is October 11, 2023.

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