Adroit Industries IPO subscribed 177 times; Swastika Infra, Elevate Campuses, ArMee Infotech gets full subscription
Adroit Industries IPO: Non-institutional category garners a huge 332.35 times subscription
Adroit Industries IPO saw nearly 177 times subscription on its final day, with 1,39,22,95,200 shares bidding for 78,72,900 shares on offer. The IPO's price band ranges from ₹126-134 per share, and the company was founded in 1966. The rest of the four IPOs, Swastika Infra, Elevate Campuses and ArMee Infotech, also received full subscriptions.
Elevate Campuses IPO got a 1.79 times subscription, while Swastika Infra and ArMee Infotech received 7.60 times and 2.44 times subscriptions respectively. Retail investors saw the highest subscription rates across all IPOs.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 2 other outlets
- Moneyview IPO Day 3: Issue subscribed over 98 times on strong QIB demand. GMP at 38% economictimes.indiatimes.com
- Moneyview IPO subscribed 67 times so far on closing day, A-One Steels India sees over 8x demand thehindubusinessline.com
