🗓️ IPO Snapshot
- Issue Size: ₹50.7 crore (59.63 lakh shares)
- Price Band: ₹80–85 per share
- Lot Size: 1,600 shares (₹1.36 lakh min)
- Subscription: 114.5× on Day 3, retail 132.6×, NII 181.6×, QIB 32.4×
- Timeline: Bidding ends July 1 | Allotment July 2 | Listing July 4
💰 GMP & Expected Listing Gain
- GMP: ₹50 per share → potential listing at ~₹135 (58%‑60% premium over ₹85)
- GMP Range: ₹33–₹50 in last 8 trading sessions
Why GMP Is Running High
- It’s a fast-rising AdTech SME firm (2017–2025): 61% revenue rise, 66% PAT jump to ₹13.75 cr
- Strong global client base & AI-backed proprietary platform “BidCounty” across 47 countries
- Oversubscription & pre-listing hype in SME space
Should You Apply?
| Investor Type | Yes/No | Why? |
|---|---|---|
| Short‑term trader | ✅ | GMP suggests sharp pop—but knee‑jerk moves can reverse fast. |
| Long‑term investor | 🤔 | Strong fundamentals, but pricey. Consider ₹80–85 valuation carefully. |
⚠️ Risks to Note
- Genuineness of GMP data (grey market isn’t regulated)
- SME stocks often swing wildly post-listing
- Inflation, market mood & competitor IPOs could impact listing
❓ FAQs
Q1: What is Grey Market Premium (GMP)?
A: The unofficial premium per share paid before IPO listing; ₹50 GMP means gray-market traders expect ₹50 over ₹85 IPO price—i.e., ₹135 listing m.economictimes.com+5livemint.com+5businesstoday.in+5investorgain.comnavbharattimes.indiatimes.com.
Q2: Is ₹50 GMP reliable?
A: It’s a strong signal, but grey trades are speculative. GMP can vary quickly, especially for SME issues .
Q3: How did subscription go?
A: 114.5× overall on Day 3—extremely high demand across segments m.economictimes.com+2livemint.com+2ipowatch.in+2.
Q4: What drives such strong GMP?
A: Fast growth, AdTech focus, global footprint, and scarcity due to SME category zerodha.com.
Q5: When is listing & allotment?
A: Allotment on July 2; listing expected July 4 on BSE SME platform ticker.finology.in+10zerodha.com+10m.economictimes.com+10.
📢 Disclaimer
The information above is for educational purposes only. Grey market numbers are unregulated and speculative. Market conditions and allotment outcomes can vary. Consult a financial advisor before making investment decisions.
