Sahaj Fashions IPO | The share price is only Rs 30, what will be the return? Read IPO details

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Sahaj Fashions IPO gmp

sahaj fashion ipo gmp If you are currently thinking of investing in IPO, then this news is beneficial for you. Sahaj Fashion will soon launch its IPO in the market. The Company’s IPO will be open for investment from Friday, August 25, 2023 to Tuesday, August 29, 2023. Sahaj Fashion Company has announced the issue price of its IPO at Rs 30. The size of the IPO of Sahaj Fashion Company will be Rs 13.96 crore.

About the GMP pricing for Sahaj Fashions IPO

The grey market price (GMP) trading normally starts about 4-5 days prior to IPO opening and continues till the listing date. In the case of Sahaj Fashions Ltd, we already have GMP data for the last 3 days, which should give a reasonable picture of the likely listing.

Sahaj Fashions IPO gmp
Sahaj Fashions IPO gmp

sahaj fashions ipo gmp today

There are 2 factors that impact the GMP. Firstly, the market conditions have a deep impact on the GMP, especially the liquidity conditions in the market. Secondly, the extent of subscription for the IPO has a deep impact on the GMP as it is indicative of investor interest in the stock. GMP can also technically be in negative, which means the stock would list at a discount to the issue price.

There is one small point to remember here. The GMP is not an official price point, just a popular informal price point. However, in most cases, it has been observed to be a good informal gauge of demand and supply for the IPO. Hence it does give a broad idea of how the listing is likely to be and how the post-listing performance of the stock would be.

Sahaj Fashions will sell 4,476,000 shares of face value of Rs 10 each in the open market through its IPO. Its total cost will be Rs 13.43 crore. The company will distribute IPO shares to investors on Friday, September 1, 2023. And for those who have not received the shares, the refund will start from Monday, September 4, 2019. The IPO shares will be credited to the demat account of the investors on Tuesday, September 5, 2023.

Sahaj Fashions IPO Timetable (Tentative)

Sahaj Fashions IPO opens on Aug 25, 2023, and closes on Aug 29, 2023.

IPO Open Date Friday, 25 August 2023
IPO Close Date Tuesday, 29 August 2023
Basis of Allotment Friday, 1 September 2023
Initiation of Refunds Monday, 4 September 2023
Credit of Shares to Demat Tuesday, 5 September 2023
Listing Date Wednesday, 6 September 2023
Cut-off time for UPI mandate confirmation 5 PM on Aug 29, 2023

Sahaj Fashions IPO Promoter Holding

Mr. Rohit Toshniwal, Ms. Sadhana Toshniwal Mr. Norat Mal Choudhary, Ms. Prabha Lakhotia, Mr. Rakesh Choudhary, Mr. Mukul Lakhotia, and Mr. Nitin Toshniwal are the company’s promoters.

Sahaj Fashion Company share will be listed on NSE SME Index on Wednesday, Sep 6, 2023. The company will do nothing to maintain margin money, repay loans and meet corporate objectives. The company will also spend some of this amount to meet its working capital requirements.

The promoters of the company are Rohit Toshniwal, Sadhna Toshniwal, Noratmal Chowdhary, Prabha Lakhotia, Rakesh Chowdhary, Mukul Lakhotia and Nitin Toshniwal. BigShare Services Private Limited Company has been appointed as the Registrar for the IPO of Sahaj Fashion Company. Khambatta Securities Limited Company has been appointed as the Lead Manager of the IPO. sahaj fashion ipo gmp

News Title: Sahaj Fashions IPO details on 24 August 2023.