There is a lot of betting on the IPO of a small company, Naturewings Holidays. The company’s IPO has been subscribed more than 37 times on the very first day. The IPO of Naturewings Holidays is open for subscription on 3 September 2024 and will remain open till 5 September. The company’s shares are also getting a good response in the grey market. Shares of Naturewings Holidays are currently trading with a premium of more than 40 percent in the grey market.
Gray market premium reached Rs 30
The price of Naturewings Holidays shares in the IPO is Rs 74. At the same time, the company’s shares are trading at a premium of Rs 30 in the grey market. If we look at the grey market premium, the shares of Naturewings Holidays can be listed in the market at Rs 104. That is, investors who will be allotted shares of the company in the IPO can expect a profit of more than 40 percent on the day of listing. Shares of Naturewings Holidays will be listed on the SME platform of Bombay Stock Exchange.
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The IPO was subscribed more than 37 times on the very first day
Naturewings Holidays IPO has been subscribed a total of 37.76 times on the very first day. The quota of retail investors in the company’s IPO has been subscribed 65.80 times on the very first day. At the same time, 9.71 times bets have been placed in the non-institutional investors (NII) category. Retail investors can bet only for 1 lot in the Naturewings Holidays IPO. There are 1600 shares in one lot of the IPO. That is, retail investors will have to invest Rs 118400.
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what the company does
Naturewings Holidays was launched in December 2018. Naturewings Holidays is a tour company that offers holiday packages to travelers visiting the Himalayan range. The company focuses mainly on India, Nepal and Bhutan.
