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The Economic Times
The Economic Times
Business
Akash Podishetti

Dhanwel Hybrid Seeds IPO: GMP among key details to know before subscription

IPO

The IPO of Dhanwel Hybrid Seeds will open for subscription on Wednesday, with the grey market indicating a muted listing outlook. The company's shares were commanding a grey market premium (GMP) of 0%, suggesting no expected listing gains at current levels.

The Rs 26.73-crore IPO is entirely a fresh issue of 27 lakh equity shares and will remain open for subscription till June 29. The company has fixed a price band of Rs 95-99 per share. Shares are proposed to be listed on the BSE SME platform on July 2, while the allotment is expected to be finalised on June 30.

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