The shares of Sodhani Capital made a strong market debut on October 7, listing at Rs 80 apiece on the BSE Emerge platform. This marks a premium of 56.86 percent over the IPO price of Rs 51 apiece.
Grey market estimates:
The listing premium has significantly beaten grey market estimates. Ahead of listing, the unlisted shares of the company were trading flat at the IPO price with zero grey market premium (GMP), according to data on Investorgain.
Sodhani Capital IPO:
The company had launched its IPO to raise nearly Rs 11 crore from the capital markets through a fresh issue of shares worth Rs 8.62 crore and an offer for sale (OFS) of shares worth Rs 2.09 crore. The issue price was set at Rs 51 per share. Investors could bid for a minimum of 2,000 shares, requiring an investment of Rs 1,02,000, and in multiples thereafter.
The maiden public issue of the company saw strong investor interest during its three days of public bidding, being subscribed nearly five times its offer size between September 29 and October 1.
Sodhani Capital says it provides best in class services to investors in order to build long term wealth. It aims to utilise the fresh issue proceeds for office acquisition, technology upgrades, branding and general corporate uses.
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