NSE IPO: Issue subscribed 42% on Day 1; GMP signals 9% listing gain. Should you subscribe?
The NSE IPO was subscribed 42% on Day 1, with investors bidding for 3.7 crore shares against 8.86 crore shares on offer. Non-institutional investors led with 70% subscription, followed by retail investors at 43% and QIBs at 19%. Meanwhile, the IPO’s grey market premium hovered around 9%, suggesting expectations of a moderate listing gain.
We haven't written up this one. The Economic Times - Top News has the full story — the link below goes straight to it.
