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The Economic Times

Business

Akash Podishetti

SMR Jewels IPO opens today. Check GMP, price band, subscription and other details

The SME IPO of SMR Jewels will open for subscription on Tuesday, with grey market activity indicating muted sentiment ahead of the SME issue. According to market trackers, the IPO was commanding a grey market premium (GMP) of 0%, suggesting no premium over the issue price in the unofficial market.

The BSE SME issue aims to raise around Rs 67.23 crore through a combination of fresh issue and offer for sale. The IPO comprises a fresh issue of 40 lakh shares aggregating to Rs 54 crore and an offer for sale of 9.8 lakh shares worth around Rs 13.23 crore.

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