Upcoming IPO: Sahaj Fashions IPO Date, Price, GMP, Review, Details
Sahaj Fashions IPO price has been fixed at ₹30 per equity share. The face value of each share is ₹10. The lot size of Sahaj Fashions IPO is 4,000 shares and the minimum investment amount required by retail investors is ₹120,000.
Here are key details about Sahaj Fashions IPO including GMP today, IPO subscription status, and others.
Sahaj Fashions IPO Subscription Status
Sahaj Fashions IPO has been subscribed 1.13 times on day 1. The public issue received bids for 49,72,000 equity shares as compared to the issue size of 4,652,000 shares .
Sahaj Fashions IPO has been subscribed 1.58 times in the retail category and 68% in the Non-Institutional Investors' (NII) category.
Sahaj Fashions IPO GMP Today
Sahaj Fashions IPO GMP today is ₹4 per share, as per topsharebrokers.com. This means Sahaj Fashions shares are trading higher by ₹4 than their issue price in the grey market.
Sahaj Fashions IPO Details
The ₹13.96 crore worth Sahaj Fashions IPO opened on August 25 and will close on August 29, 2023.
Sahaj Fashions IPO price has been fixed at ₹30 per equity share. The face value of each share is ₹10. The lot size of Sahaj Fashions IPO is 4,000 shares and the minimum investment amount required by retail investors is ₹120,000.
Sahaj Fashion IPO allotment is expected to be finalised on September 1, and the company will initiate refunds on September 4. The shares are likely to be credited to the demat account of allottees on September 5. Sahaj Fashion shares are likely to be listed on NSE SME on Wednesday, September 6.
The company intends to utilize the net proceeds from the issue towards the funding of working capital requirements including margin money, prepayment/repayment of certain secured borrowings availed by the company, and for general corporate purposes.
