Moneyview IPO Day 3: Issue subscribed over 98 times on strong QIB demand. GMP at 38%
The Moneyview IPO ended with 98.46 times subscription, led by strong demand from QIBs and NIIs. The Rs 1,091.68 crore issue received bids for 2,290 crore shares against 23.25 crore shares on offer. Its grey-market premium stood at 37.5%, implying an estimated listing price of Rs 46.75.
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.
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- Moneyview IPO subscribed 67 times so far on closing day, A-One Steels India sees over 8x demand thehindubusinessline.com
