The IPO of NFP Sampoorna Foods will open for subscription on Monday, with grey market signals indicating a muted listing outlook ahead of the issue launch. According to market trackers, 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 24.53 crore through an entirely fresh issue of 44.6 lakh shares. The IPO will remain open for subscription between May 18 and May 20, while the tentative listing date has been fixed as May 25 on the NSE SME platform.
