Srigee DLM IPO Listing – GMP Signals Up to 33% Gains

Srigee DLM IPO GMP

Srigee DLM IPO listing is making waves in the stock market, and it’s easy to see why. After an exceptional subscription phase, this IPO has investors buzzing with excitement. The high demand during the subscription period wasn’t the only factor driving this frenzy—its robust grey market premium (GMP) has added even more fuel to the fire.

Srigee DLM IPO – Bidding Insights

Srigee DLM IPO turned heads as it raked in approximately INR 16.98 crore, entirely through a fresh issue. The response was extraordinary, with the issue getting subscribed a jaw-dropping 491.31 times. Investors, particularly in the non-institutional category, came out in full force, oversubscribing their portion by an incredible 1,535.08 times. This IPO struck a chord with savvy market participants. The company is now gearing up for a big moment as its shares are ready to debut on the BSE SME platform. It’s a milestone that underscores the growing confidence in young, ambitious enterprises carving out their space in India’s markets.

Srigee DLM IPO Listing Date and Price Band

• Price Band: The shares were offered in a price band of INR 94 – 99 per share, with a minimum application lot size of 1,200 shares, requiring an investment of at least INR 1,18,800.
• Listing Date: Shares are expected to commence trading on 12 May 2025.
• Use of Proceeds: The proceeds will be used for capital expenditure purposes including setting up of manufacturing facility at Plot No. 15, Ecotech – X, Industrial Area, Greater Noida, Gautam Budh Nagar, Uttar Pradesh and purchase of machinery for installation at the proposed facility. Also, the funds will be used for general corporate purposes and towards the expenses of the issue.

How Does GMP Affect Listing Price?

The GMP is a key indicator of investor sentiment before an IPO is listed. It shows the price at which shares are traded in the grey market before the official listing. A positive GMP, where shares are traded above the issue price, signals strong demand and boosts expectations for a higher listing price. However, while GMP offers insight, the actual listing price can still be affected by market conditions and investor sentiment.

Expectations For the Srigee DLM IPO Listing Price?

As of now, the IPO is showing a GMP of about INR 33 per share, which suggests that the Srigee DLM IPO listing gain will be around 33% from its upper price band of INR 99. If this trend continues, the stock will debut above INR 132 – not a bad deal for those who got the allotment.

But it’s not all bad news for those who didn’t get the allotment. While the strong GMP indicates Srigee DLM might have a solid start, there’s still a shot for latecomers to jump in on the listing day. Of course, how the market reacts will be key. Some investors might decide to hold off a bit, hoping for a dip in the stock price to grab a better entry point later. It’s a game of timing, and for those on the sidelines, the opportunity might just be around the corner.

Looking Ahead

The strong interest in Srigee DLM IPO listing reflects rising confidence in the industry. The success of the IPO means more investors are willing to back this transformation, seeing potential in a sector that has been on the fringes for so long but is now in the spotlight. With its presence in high-tech manufacturing, Srigee DLM is well-positioned to benefit from the global shift towards advanced electronics and sustainable energy solutions.

Over the past four months, the SME IPO landscape has witnessed the listing of 59 IPOs in the primary market, collectively raising INR 2,613.35 crore. Out of these, 24 IPOs debuted in the red. Despite this, the average listing return across all SME IPOs stood at a healthy 11.59%. Capital Numbers Infotech emerged as the largest IPO during this period, with an issue size of INR 169.37 crore. In contrast, Avax Apparels was the smallest offering, raising just INR 1.92 crore. For more details related to SEBI IPO Approval, and Live Subscription stay tuned to IPO Central.

Srigee DLM IPO Listing FAQs