Stove Kraft IPO – *Market’s Current Estimates of oversubscription*:
NII = 10K Crs. = ~161.57X
RII = 18L Forms = 18.23X Applic. wise (Avg allotment of ~2.08 shares per lot)
Interest cost *@8.00%p.a.* for 7days = *59.07paise for 1X*
Thus, for NII the costing = 161.57 X 59.07paise = Rs.95.44 per share (= GMP)
And, for RII the costing = 95.44 X 2.08 = Rs.199/- (= Kostak)
Stove Kraft IPO – *GMP Estimated*
GMP 100 +/- 1
Kostak 200 +/- 10
Subject 2 @3250/-