Investors responded favorably to Sat Kartar Shopping Ltd.'s initial public offering (IPO), which was fully subscribed for within hours of its launch on Friday, January 10. Due to strong retail demand, the NSE SME issue was subscribed to almost 5 times.
Subscriptions for the Rs 33.8-crore SME issue are being accepted through January 14.
subscription across all categories
According to NSE data up until 5 pm, the IPO received bids for over 1.37 crore shares compared to the 27.77 lakh shares available, resulting in a 4.94 fold overall subscription.
Retail investors nearly 8.69 times subscribed their quota with bids for over 1.19 crore shares, compared to the 13.79 lakh shares set aside for the category.
The NIIs booked their quota 2.93 times, with over 17.34 lakh shares applied for out of the 5.92 lakh shares available.
Qualified Institutional Buyers (QIBs) were allocated a total of 8.06 akh shares, but they applied for nearly 12.800 shares. The QIBs reserved their category 0.02 times.
GMP (Grey Market Price)
The shares of Sat Kartar Shopping are currently trading at their issue price of Rs 81, with a 30.86 per cent premium, according to the grey market premium (GMP) of Rs 25. suggesting that each share would be listed for Rs 106.
#SatKartar Shopping IPO opens today with a price band of ₹77 to ₹81 per share. This #Ayurveda healthcare company is raising ₹33.80 Cr. via a fresh issue of 41.73 lakh shares.
— India IPO (@india_ipo1) January 10, 2025
If you're from the same industry, now is the time to go public. Connect with #IndiaIPO to learn more. pic.twitter.com/Wz7EvMeQkU
IPO Size and structure
The Sat Kartar Shopping IPO is a Rs 33.80 crore book-built offering. This is a brand-new 41.73 lakh share offering. No OFS (offer for sale) componant is present in the issue.
Price band and minimum bid
The price range for the Sat Kartar Shopping IPO is Rs 77 to Rs 81 per share. An application must have a minimum lot size of 1600. Retail investors are required to invest a minimum of Rs 1,29,600. For HNI, the minimum lot size investment is two lots comprising 3,200 shares, amounting to Rs 2,59,200.
Subscription and listing dates
The subscription period for the Sat Kartar Shopping IPO bidding began on January 10, 2025, and it will end on January 14, 2025. On Wednesday, January 15, 2025, the allocation for the Sat Kartar Shopping IPO is anticipated to be finalized. The Sat Kartar Shopping IPO is scheduled to go public on the NSE SME on Friday, January 17, 2025.
Company financials
For the period ending December 15, 2024, the healthcare company's operating revenue was Rs 109.28 crore. During that time, the profit after tax (PAT) was Rs 5.9 crore.
Sat Kartar Shopping's operating revenue for the fiscal year that ended on March 31, 2024, was Rs 127.9 crore, up from Rs 82.97 crore in the previous fiscal year (FY23). FY24's profit after tax was Rs 6.3 crore, up from FY23's Rs 2.5 crore.