Acme India Industries is set to make its debut on the BSE SME platform on October 9, with the railway coach interior solutions company commanding a decent premium in the grey market ahead of its listing.
The latest grey market premium (GMP) for the IPO stood at Rs 40 per share as of October 8, according to IPO tracking platform IPOWatch. Against the IPO's upper price band of Rs 196, the latest GMP indicates an estimated listing price of Rs 236 per share, representing a potential premium of 20.41 percent over the issue price. GMP is an unofficial indicator and does not guarantee the actual listing price.
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Acme India Industries raised Rs 121.69 crore through the IPO at a price band of Rs 186-196 per share. The issue comprised a fresh issue of 54.07 lakh shares aggregating to Rs 105.98 crore and an offer for sale of 8.02 lakh shares worth Rs 15.71 crore.
The IPO opened for subscription on September 30 and closed on October 6. The allotment was finalised on October 7, while the shares are scheduled to be listed on the BSE SME platform on October 9.