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The Economic Times

Business

Ritesh Presswala

Annu Projects IPO Day 4: Issue subscribed nearly 3 times, GMP at 7%. Should you subscribe?

Annu Projects GMP IPO

The Annu Projects IPO was oversubscribed 2.93 times by the final day of bidding, with investors placing bids for shares against the total issue size of 1.76 crore shares, according to NSE data.

The IPO’s GMP has edged up to around 7%, compared with an earlier premium of 4%. The uptick signals a potentially positive listing sentiment, although current grey-market trends suggest the gains could remain relatively modest.

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