Sotefin Bharat Ltd. is set to make its stock market debut on the BSE SME platform on Thursday, July 23, with grey market trends indicating a subdued listing. The company's shares are commanding a marginal premium of around 1% over the issue price of Rs 187, suggesting a largely flat market debut.
Despite the muted grey market sentiment, the Rs 89.76-crore SME IPO witnessed healthy investor participation during the subscription period. The issue was subscribed 3.78 times overall, reflecting steady demand across investor categories. The retail investor portion was subscribed 3.78 times, while the non-institutional investor (NII) segment received 4.74 times subscription. The qualified institutional buyer (QIB) category was subscribed 2.82 times.
