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This IPO is scaring the gray market, will there be loss on the day of listing? See other details including price band

by Aaryan Srivastav
September 29, 2024
This IPO is scaring the gray market, will there be loss on the day of listing? See other details including price band

Unilex Colors and Chemicals IPO: SME IPO Unilex Colors and Chemicals Limited opened for investment on September 25. This issue closed on 27 September. The price band for this was fixed at Rs 87 per share. Let us tell you that Unilex Colors and Chemicals IPO was subscribed 32.53 times in three days. According to chittorgarh.com data, the public issue was subscribed 30.44 times in the retail category, 15.58 times in the QIB category and 59.97 times in the NII category.

What’s going on GMP?

Based on information from Investorgain.com, the GMP of Unilex Colors & Chemicals IPO was at a premium of Rs 13 on the opening day. But later it saw a decline and then a day ago this share was at a premium of Rs 12 in the gray market. Currently it has come at a premium of Rs 11. This means that shares of Unilex Colors and Chemicals are falling in the gray market.

Also read: This share has been closed for 17 years, now the company is giving 5 free shares for every 1, the price is ₹ 15

When will the listing take place?

Unilex Colors and Chemicals IPO is expected to get September allotment on Monday, September 30. The proposed listing date of Unilex Colors and Chemicals IPO is Thursday, October 3, 2024. The shares of the company are proposed to be listed on NSE SME. The book-built issue value of Unilex Colors & Chemicals is at ₹31.32 crore, where the company is issuing 36 lakh new shares. A minimum lot size of 1600 shares remained required for applications by retail investors.

company business

Unilex Colors & Chemicals Limited is active in manufacturing pigments, trading chemicals and producing food colors under its registered brand name Unilex. The company services both domestic and international markets offering a variety of pigment solutions for various industries.

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