Naturewings Holidays IPO Day 3: Check subscription status, GMP and key dates

Naturewings Holidays IPO: The initial public offering (IPO) of Naturewings Holidays Ltd, a Kolkata-based tour and travel company, opened for subscription on September 3. Here is all you need to know about the SME IPO's subscription status, GMP rises, key dates and other relevant details. 

Subscription Status

Naturewings Holidays' IPO was subscribed 383.53 times by 7.00 pm on September 5, 2024. The public issue had been subscribed 487.17 times in the retail category and 270.75 times in the NII category.

Key dates and other details

The subscription period for the Naturewings Holidays IPO began on September 3, 2024, and ends on September 5, 2024. On Friday, September 6, 2024, the allocation for the Naturewings Holidays IPO is anticipated to be completed. The proposed listing date for the Naturewings Holidays IPO is Tuesday, September 10, 2024, on BSE SME.

The IPO price of Naturewings Holidays is ₹74 per share. A minimum lot size of 1,600 shares is required for an application by retail investors, which means they need to invest a minimum of ₹118,400. For HNIs, a minimum investment of two lots or 3,200 shares of ₹236,800 is required.

Objectives of the Issue

The ₹7.03 crore Naturewings Holidays IPO is a fixed-price offering, where 9.5 lakh shares are being issued fresh.

Naturewings Holidays is a tour operator that provides vacation packages for leisure tourists to the Himalayan region. The firm was founded in December 2018. The company primarily targets areas like Bhutan, Nepal, and India.

The company plans to use the net proceeds from the issue for working capital requirements, marketing and business promotions, and general corporate purposes.

Grey market premium or GMP

The GMP for Naturewings Holidays IPO was +30, according to investorgain.com. This suggests that the shares of Naturewings Holidays IPO are being offered at ₹30 more in the grey market.

Thus, the predicted listing price of ₹104 per share is 40.54% greater than the IPO price of ₹74, taking into account both the issue price of the Naturewings Holidays IPO and the existing premium in the grey market.

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