Shares of Sham Foam are set to make their stock market debut on Tuesday, August 18, on the BSE SME platform. Ahead of the listing, the company’s shares are commanding a modest premium in the grey market, suggesting a largely flat opening.
The Rs 40.48 crore Sham Foam IPO, which remained open for subscription from August 11 to August 13, received a muted-to-moderate response from investors. The issue was subscribed 2.40 times overall, while the individual investors’ portion was subscribed 2.62 times and the non-institutional investors’ category saw 2.17 times subscription.
