Srigee DLM IPO: Grey Market Premium at ₹30 Amid Strong Investor Demand
Srigee DLM's IPO garners robust investor interest, with a grey market premium of ₹30 indicating positive market sentiment ahead of its listing.
Key Highlights:
Srigee DLM IPO: Grey Market Premium at ₹30 Amid Strong Investor Demand
Srigee DLM’s initial public offering (IPO) has attracted significant investor interest, reflected in a grey market premium (GMP) of ₹30 as of May 6, 2025. This premium suggests that the shares are trading at ₹129 in the grey market, a 30.3% increase over the upper end of the IPO price band of ₹99 .
IPO Details and Subscription Status
- Issue Size: ₹16.98 crore
- Price Band: ₹94 to ₹99 per share
- Lot Size: 1,200 shares
- IPO Open Date: May 5, 2025
- IPO Close Date: May 7, 2025
- Allotment Date: May 8, 2025
- Listing Date: May 12, 2025 on BSE SME platform
As of Day 2, the IPO was subscribed over 27.84 times, with non-institutional investors (NIIs) subscribing 40.54 times and retail investors 36.12 times .
Company Overview
Srigee DLM, established in 2005, specializes in design-led manufacturing and assembly services, including plastic injection moulding, tool and die manufacturing, mobile phone sub-assembly, and polymer compounding. The company serves sectors such as consumer durables, home appliances, automotive components, and electronics .
What Lies Ahead
The strong grey market premium and oversubscription indicate positive investor sentiment. However, investors should consider market conditions and company fundamentals before making investment decisions.
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