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The Economic Times
The Economic Times
Business
Ritesh Presswala

A-One Steels IPO Day 3: Issue subscribed 11 times; GMP at 14%. Check key details

GMP IPO

A-One Steels IPO received a decent response from investors, with the issue getting oversubscribed 11.61 times overall against the 73.84 lakh shares on offer, according to NSE data. If the prevailing GMP holds, the premium indicates the possibility of a listing price above the IPO’s upper price band.

At the end of Day 2, the issue was subscribed 1.35 times against the 73.84 lakh shares on offer. The retail investor portion was subscribed 1.76 times against the 36.63 lakh shares reserved for the category.

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