HomeBusinessLawsikho IPO Opens Today: Grey Market Premium, GMP, Key Details, and More

Lawsikho IPO Opens Today: Grey Market Premium, GMP, Key Details, and More

Lawsikho’s Initial Public Offering (IPO) opens today, marking a significant day for investors interested in the education technology sector. With a price band set between ₹133 to ₹140 per share, the IPO has generated considerable excitement, indicated by a strong performance in the grey market.

Grey Market Premium (GMP) Today: Lawsikho IPO

Lawsikho IPO

As per the latest updates from the grey market, Lawsikho’s IPO is trading at a premium of ₹109, surpassing the ₹100 mark. This suggests robust listing prospects, and if the trend continues, investors could potentially witness a remarkable 77.86% profit on the first day.

IPO Schedule and Lot Size: Lawsikho IPO

The Lawsikho IPO will remain open for subscription from January 19 to January 23, providing investors with a window to participate. The lot size for this IPO is set at 1000 shares, requiring retail investors to commit a minimum of ₹1,40,000.

Promoters’ Stake: Lawsikho IPO

Promoters of the company, Ramanuj Mukherjee and Abhyuday Sunil Agrawal, held a 92.27% stake in the company before the IPO. Post the IPO, their ownership will be reduced to 67.27%. It’s worth noting that the company raised ₹16.69 crores through anchor investors before the IPO.

Lawsikho IPO Allotment and Listing:

Lawsikho IPO

Investors who take part in the Lawsikho IPO can expect share allotment on January 24. The anticipated listing date for the IPO is January 29. The IPO size is ₹60.16 crores, with the company issuing 41.37 lakh shares through fresh issuance and 1.6 lakh shares under the offer-for-sale category.

Conclusion: As Lawsikho goes public, investors are closely watching the IPO’s performance, particularly given the promising grey market premium. The education technology sector continues to attract attention, and Lawsikho’s IPO is poised to be a key player in this dynamic market. Investors are advised to stay informed about the IPO’s progress and carefully consider their investment decisions.

Disclaimer: The information provided in this article is for informational purposes only and does not constitute financial advice or a recommendation to invest. Investors should conduct their research and seek professional advice before making investment decisions.

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