IPO Debuts with Strong GMP Surge, Rs 36 Profit Per Share

A newly launched IPO witnessed a sharp rise in its Grey Market Premium (GMP), with each share indicating a potential profit of ₹36. The strong investor interest highlights bullish market sentiment. Get full details of the IPO, pricing, and subscription status.

Monolithisch India IPO will be open from June 12 to June 16. After the opening of this IPO, the company's shares are getting a good response in the gray market. The gray market premium (GMP) of each share of the company is Rs 36. However, the gray market premium is based only on estimates.

A new IPO has opened for subscription from today amid weak trading in the stock market. The special thing is that the GMP of the shares of this company is seeing a strong jump in the gray market. The public issue of Monolithisch India will be open from June 12 to June 16. Through this IPO, the company wants to raise Rs 82.02 crore.

Under this public issue, the company will issue 57.36 lakh new equity shares. There is no OFS component in this. Let us tell you what will be the price band, lot size and minimum investment of this IPO.