New Delhi, June 30 -- The initial public offering (IPO) of cybersecurity solutions provider, Kratikal Tech, opened for public subscription on Tuesday, 30 June. The BSE SME IPO is entirely a fresh issue of 29,40,000 shares, aimed at raising nearly Rs.40 crore, which it wants to use for business expansion and general corporate purposes.

Ahead of the opening of its public issue, Kratikal Tech raised Rs.11.23 crore from anchor investors by allocating 8.31 lakh shares at a price of Rs.135 per share.

Meanwhile, the grey market premium indicates that the shares of Kratikal Tech may list at a premium of over 20% on the BSE SME.

According to grey market sources, the grey market premium (GMP) of Kratikal Tech shares was Rs.30 on Tuesday, 30 June...