MediumPositive
Announced Tue, 23 Jun · 11:07 IST

Avience Biomedicals IPO share allotment in focus today; GMP, steps to check status online

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Avience Biomedicals SME IPO share allotment is set to be finalised on 23 June 2026 after a strong overall subscription of about 385 times, with retail portion subscribed 401 times and NII portion 597 times. The fresh issue of 14.53 lakh shares at a price band of ₹196-₹208 aimed to raise around ₹30.24 crore for a new manufacturing unit in Gautam Buddha Nagar, Uttar Pradesh, alongside working capital and general corporate purposes. Grey market premium stood at around ₹72, indicating an estimated listing price of about ₹280, a premium of roughly 35% over the upper price band.