The much anticipated On Door Concepts IPO is now open. With a lot of buzz in the grey market, investors are eagerly awaiting to invest in this company. Let’s dive deep into the details of this IPO.
Key Highlights:
- IPO Launch Date: The On Door Concepts IPO is opening today, 23rd October 2023.
- Last Date: Investors can invest in this IPO till 27th October 2023.
- IPO Size: The company has informed SEBI that the size of the IPO is ₹31.18 crore.
- Shares on Offer: Through this IPO, 14.99 lakh fresh shares will be issued.
Detailed Overview
1. Price Band
- The price band for the On Door Concepts IPO is set at ₹208.
- Each lot consists of 600 shares. This implies that a retail investor would need to invest a minimum of ₹1,24,800.
- Retail investors are limited to 1 lot, while HNI (High Networth Individuals) can bid for a maximum of 2 lots.
2. Buzz in the Market (On Door Concepts IPO Lot Size)
- According to top share reports, the company’s shares are trading at a premium of ₹30 in the grey market.
- The GMP (Grey Market Premium) indicates that the listing of the company will be positive.
- On the listing day, the On Door Concepts IPO could offer returns of up to 14.42%.
- It’s noteworthy that there hasn’t been any change in the GMP in the last few days.
In Conclusion
The On Door Concepts IPO has generated significant interest among investors, thanks to its strong performance in the grey market.
As with all investments, potential investors should conduct their due diligence and consider their risk appetite before investing. This IPO presents a promising opportunity, but it’s essential to make an informed decision.
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