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The Economic Times
The Economic Times
Business
Akash Podishetti

Bio Medica Laboratories IPO: Check GMP, price band, subscription and other details

IPO NSE

The initial public offering of Bio Medica Laboratories will open for subscription on Thursday, with grey market activity indicating muted sentiment ahead of the issue launch. The IPO was commanding a grey market premium (GMP) of 0%, suggesting no premium over the upper end of the issue price band in the unofficial market.

The NSE SME issue aims to raise around Rs 52.43 crore through a combination of fresh issue and offer-for-sale components. The IPO consists of a fresh issue of 33.95 lakh shares aggregating to around Rs 47.19 crore and an offer for sale of 3.77 lakh shares worth approximately Rs 5.24 crore.

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