Unihealth Consultancy IPO: What latest GMP signals as focus shifts to share allotment

The initial public offering (IPO) of healthcare service provider Unihealth Consultancy Ltd received decent response from investors. Unihealth Consultancy IPO is an SME IPO and it opened for subscription on September 8 and closed on September 12.

Unihealth Consultancy IPO was subscribed 18.22 times in total during its subscription period. The public issue was subscribed 24.61 times in the retail category, 5.97 times in Qualified Institutional Buyers’ (QIB) category, while the Non-Institutional Investors’ (NII) portion was booked 37.65 times by September 12, 2023.

As the subscription period for Unihealth Consultancy IPO has ended, the investors who have bid for the public issue, will now focus on share allotment. Unihealth Consultancy IPO allotment is likely to be finalised on September 15, Friday.

The company is expected to initiate refunds on September 18 and credit the shares to the demat accounts of eligible allottees on September 20. Unihealth Consultancy shares are proposed to be listed on September 21 at NSE Emerge, a platform for Small and Medium Enterprises (SME).

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Ahead of the Unihealth Consultancy IPO share allotment, let us take a look at what the grey market premium (GMP) suggests.

Unihealth Consultancy IPO GMP Today

Unihealth Consultancy IPO GMP today, or grey market premium today, is ₹23 per share, as per topsharebrokers. This means Unihealth Consultancy shares are trading higher by ₹23 than their issue price, in the grey market.

Considering the latest GMP today and the IPO price, Unihealth Consultancy shares are estimated to be listed at ₹155 apiece, which is at 17.42% premium to the IPO price.

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Unihealth Consultancy IPO Details

Unihealth Consultancy IPO issue size was ₹56.55 crore. The public issue comprised a fresh issue of 42.84 lakh equity shares of face value of ₹10 each.

Unihealth Consultancy IPO price band was fixed at ₹126 to ₹132 per share. The lot size was 1,000 shares and the minimum investment amount required for retail investors was ₹132,000.

The company had earlier raised ₹16.08 crore from anchor investors ahead of the IPO.