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The Economic Times
The Economic Times
Business
Ritesh Presswala

Anawil Wire & Engineering IPO Day 1: Issue subscribed 70% so far, GMP signals 30% listing premium

IPO NSE

Anawil Wire & Engineering IPO opened for subscription on Monday, August 3, and witnessed healthy investor interest on the first day of bidding. As of the latest update, the IPO was subscribed 70%, with bids received for around 47.10 lakh shares.

Investor sentiment also remains upbeat in the grey market. The IPO is currently commanding a Grey Market Premium (GMP) of Rs 80, or nearly 30% over the upper price band, indicating expectations of a strong stock market debut.

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