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The Economic Times
The Economic Times
Business
Ritesh Presswala

Sumax Engineering SME IPO opens today; GMP signals 32% listing gain

GMP IPO NSE

The Sumax Engineering IPO opened for subscription today, August 25, on the NSE SME platform, allowing investors to bid for shares until August 28. Ahead of the issue opening, the IPO attracted attention in the grey market, commanding a premium that indicates a potential 32% listing gain.

The IPO comprises a fresh issue of 43 lakh shares worth Rs 43.34 crore and an offer for sale (OFS) of 10 lakh shares worth Rs 10.06 crore.

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