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The Economic Times
The Economic Times
Business
Ritesh Presswala

Sotefin Bharat IPO opens: Issue 16% subscribed on day one so far, GMP suggests 12% listing pop

IPO

The BSE SME IPO of Sotefin Bharat Limited opened for subscription today (July 16) and witnessed a cautious start. As of the latest update, the public issue was subscribed to 16%, reflecting slow bidding in the early hours of Day 1.

In the grey market, the last Grey Market Premium (GMP) stood at Rs 22 per share, indicating a premium of 11.76% over the upper price band of Rs 187. Based on the current GMP, the IPO is expected to list at around Rs 209 per share, subject to market conditions.

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