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The Economic Times
The Economic Times
Business
Ritesh Presswala

CSM Technologies IPO Day 2 update: Subscribed 32%, GMP at 4%. Should you subscribe?

CSM Technologies IPO GMP BSE Swastika Investmart

The IPO of CSM Technologies has seen a muted response on its second day of bidding, with an overall subscription of 32% against 1.11 crore shares on offer. Retail investors showed relatively stronger interest, subscribing to 53% of their allocated 44.69 lakh shares.

Market sentiment in the grey market remains mildly positive. The stock is trading at a grey market premium (GMP) of around 4%, indicating limited but positive listing expectations. Based on this, the estimated listing price is around ₹117 per share.

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