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The Economic Times
The Economic Times
Business
Akash Podishetti

Horizon Reclaim IPO opens for subscription today. Check GMP, price band and other details

IPO

Horizon Reclaim's IPO opened for subscription on Friday, with the grey market indicating a strong debut for the SME issue. The Rs 54.3 crore IPO is commanding a grey market premium (GMP) of about 49% over the upper end of its price band, suggesting a potential listing price of around Rs 153 per share against the issue price of Rs 103.

The issue will remain open for bidding till June 16, while the shares are scheduled to list on the BSE SME platform on June 19. The IPO is entirely a fresh issue of 52.69 lakh shares and aims to raise Rs 54.27 crore. The company has fixed a price band of Rs 98-103 per share.

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