The Augmont Enterprises IPO has entered its second day of bidding, drawing strong investor interest. The grey market is also showing increasing momentum, with the IPO’s GMP climbing to 48% from 38% earlier, signalling the possibility of a strong listing gain if the trend continues.
On Day 1, the issue was subscribed 2.74 times against the 77.15 lakh shares on offer. The retail portion was subscribed 2.79 times, compared with the 38.31 lakh shares reserved for retail investors.
