On December 31, Nanta Tech's shares started trading on the BSE SME platform at ₹234 each, a modest rise over the issue price.
Listing performance
The opening price of ₹234 represents a 6.36% premium compared with the IPO issue price of ₹220. However, the grey‑market premium suggested a higher price of about ₹240, indicating the stock opened slightly below market expectations.
How the IPO was subscribed
The three‑day bidding attracted strong interest:
- Overall subscription: 6.43 times the offer.
- Retail investors: 2.91 times.
- Non‑institutional investors (NII): 7.03 times.
- Qualified institutional buyers (QIBs): 12.98 times.
In total, bidders applied for 64.30 lakh shares while only 9.99 lakh shares were on offer.
Use of the raised money
According to the prospectus, Nanta Tech plans to use the net proceeds mainly for:
- Setting up an experience centre and product display facility (capital expenditure).
- Working‑capital needs.
- General corporate purposes.
Key IPO details
- Issue size: ₹31.81 crore (14 lakh fresh equity shares).
- Price band: ₹209–₹220 per share.
- Retail lot size: 600 shares; minimum investment ₹2,64,000.
- Anchor allocation: 3.60 lakh shares at ₹220, raising ₹7.92 crore before the public issue.
- Allocation split: QIBs 42.24%, retail 33.10%, NIIs 16.68%.
About Nanta Tech
Founded in 2023, Nanta Tech provides audio‑visual integration services, including AV product supply, service robots, and software development. It serves corporate, education, hospitality, and manufacturing customers with end‑to‑end solutions.
Disclaimer
Remember, this is just an overview, not a recommendation. Do your own research and consider your risk tolerance before investing.