February 13, 2024
Stocks

The Capital SFB IPO is set to make its debut on the bourses tomorrow, and here's what the GMP suggests prior to listing.

The listing date for the Capital Small Finance Bank IPO is scheduled for Wednesday, February 14. Share allotment for the IPO was finalized on Tuesday, February 13. As for the grey market, there's no premium or discount indicated by the GMP today. The IPO's price band is set at ₹445–468 per equity share. The IPO allotment process for the Capital Small Finance Bank began on Monday, February 12. It received a decent response from both retail and non-institutional investors, with the subscription status reaching 4 times on day 3, according to BSE data. Refund initiation for individuals not allotted shares started today, February 13, while those allotted will receive their shares in their demat accounts on the same day. Regarding the Capital Small Finance Bank IPO GMP today, it stands at ₹0, suggesting shares are trading at their issue price of ₹468 with no premium or discount in the grey market, as reported by investorgain.com. Analysts at the same source predict a downward trend in GMP based on the last 13 sessions of grey market activity. The lowest GMP recorded is ₹0, while the highest is ₹50. The 'grey market premium' serves as an indication of investors' willingness to pay more than the issue price. The Capital SFB IPO was open for subscription from Wednesday, February 7, to Friday, February 9.

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