The SME IPO of Adon Agro Commodities will open for subscription on Monday, with the grey market premium (GMP) at zero, indicating expectations of a flat listing if current market sentiment continues. The Rs 44 crore SME IPO is entirely a fresh issue of 62.9 lakh equity shares with no offer-for-sale component. The issue is priced in the band of Rs 66-70 per share and will remain open for bidding until July 1. The shares are proposed to be listed on the BSE SME platform on July 6.
Investors can bid for a minimum of 4,000 shares, requiring an investment of Rs 2.8 lakh at the upper end of the price band. Galactico Corporate Services is the book-running lead manager, while KFin Technologies is the registrar to the issue.
