Abram Food IPO day 1: The initial public offering (IPO) of Abram Food Limited opened for subscription on Tuesday, June 24. The fixed price SME IPO of about ₹14 crore is entirely a fresh issue of 14.28 lakh shares. The IPO is witnessing tepid subscription and current grey market trends indicate the stock could be listed at a mild premium.
Abram Food IPO subscription status
By 11 AM on the first day of subscription, the SME IPO had been subscribed 14 per cent, with the retail portion booked 20 per cent and the segment reserved for non-institutional investors (NIIs) subscribed 8 per cent.
Abram Food IPO details
1. Abram Food IPO GMP: According to market sources, the latest grey market premium (GMP) of Abram Food shares was ₹9. The latest GMP indicates the stock could be listed at a premium of slightly over 9 per cent.
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