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The Economic Times
The Economic Times
Ritesh Presswala

NSE IPO: Issue subscribed 42% on Day 1; GMP signals 9% listing gain. Should you subscribe?

NSE IPO BSE Yes Securities India Angel One

The NSE IPO witnessed steady investor response, with the issue subscribed 42% at the end of bidding on Day 1. The company received bids for 3.7 crore shares on Thursday against 8.86 crore shares available for public subscription. The retail portion was subscribed 42%, against 4.41 crore shares reserved for the category.

Meanwhile, the grey market premium (GMP) for the NSE IPO was hovering around 9%, signalling expectations of a moderate listing gain.

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