Hariom Pipe ipo: This is good news for those betting on the Initial Public Offering (IPO) of Hariom Pipe Industries. Actually, on 13th April i.e. Wednesday, the company’s listing is going to happen in the stock bar.
What are the indications of GMP: The shares of Hariom Pipes are trading at a premium of Rs 15 in the gray market. Analysts say that the company may list at Rs 165-170.
Let us tell you that the company’s IPO opened on 30 March and it closed on 5 April. Hariom Pipe Industries had fixed the price range for the IPO at Rs 144-153 per share. The company had set a target of raising Rs 130 crore through the IPO.
The initial public offering (IPO) of Rs 130 crore was subscribed 7.93 times on the last day. The subscription received strong support from retail investors.