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The Economic Times
The Economic Times
Business
Ritesh Presswala

Moneyview IPO subscribed 1.4 times on Day 1; GMP signals 32% listing gains. Should you subscribe?

The Moneyview IPO opened for subscription on Thursday, September 24, giving investors a three-day bidding window. The public issue received strong demand from investors on the first day of bidding, with bids received for 33,48,61,002 shares against 23,25,24,175 shares on offer, resulting in an overall subscription of 1.44 times, according to NSE data.

Ahead of the launch, the IPO was seen commanding a 32% premium in the grey market, signalling strong investor interest and indicating a potential listing gain if the current GMP holds.

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