The SME initial public offering (IPO) of Sat Kartar Shopping was fully subscribed on Tuesday with overall subscription of 60.45 times as of 11:05 AM on the final day of bidding. The company aims to raise Rs 33.80 crore through the SME IPO, with the shares set to list on the NSE SME platform.The retail portion of the issue was subscribed by 89.06 times, while the issue was subscribed 73.02 times in the non-institutional investors category on the final day of bidding. Meanwhile, the qualified institutional buyers had booked the issue 2.31 times.Sat Kartar Shopping IPO sizeThe IPO consists entirely of a fresh equity issuance of 41.72 lakh shares, through which the company aims to raise Rs 33.80 crore.Sat Kartar Shopping IPO price bandThe company is offering its shares at a price range of Rs 77-81 each, with investors able to bid for a minimum of 1 lot comprising 1,600 shares.Sat Kartar Shopping IPO GMPAhead of listing, the company's shares were trading with a GMP of Rs 30 in the unlisted market on Tuesday, indicating a premium of over 37% over the upper end of the IPO price band of Rs 81.Sat Kartar Shopping IPO’s issue structureAbout 50% of the offer is reserved for QIB investors, 35% for retail investors and the other 15% for non-institutional investors.Proceeds from the IPOThe net proceeds from the public offer will be used for unidentified acquisitions, marketing and advertising, capital expenditures, investment in technology and general corporate purposes.Sat Kartar Shopping IPO’s listing, allotment and closing dateThe IPO opened on January 10 and will close on January 14. The final allotment is expected on January 15, with the company's shares likely to be listed on January 17.About Sat Kartar ShoppingSat Kartar Shopping is an Ayurveda healthcare company committed to providing natural wellness solutions relating to specific therapeutic areas and general lifestyle products, committed to promote a healthier lifestyle. It integrates traditional ayurvedic knowledge with modern research to empower individuals to adopt healthier lifestyles.Industry OverviewIn recent years, health and wellness have become increasingly significant concerns for people, particularly the middle-aged and younger generations. The global health and wellness market size is expected to be worth around $8,379 billion by 2033 from $4,332 billion in 2023, growing at a CAGR of 7% during the forecast period from 2024 to 2033.Sat Kartar Shopping financial performanceFor the period ended December 15, 2024, the company clocked total revenues of Rs 109 crore and net profit of Rs 5.89 crore.IPO’s lead managers and registrarNarnolia Financial Services is acting as the lead manager to the issue and Skyline Financial Services is the registrar.Also read | Laxmi Dental IPO subscribed over 7 times on Day 2 so far. Check key dates, GMP, price band and review(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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