SRIT India IPO was subscribed 4.16 times on Day 2 against 1.17 crore shares, according to NSE data. Shah Investor’s Home IPO was subscribed 1.10 times against 37.39 lakh shares by the end of the second day of subscription, according to NSE data. Both issues will remain open for subscription for three days.
In the grey market, SRIT India is commanding a premium of Rs 33, or 25%, over its upper price band of Rs 130 per share. At the current GMP, the estimated listing price stands at around Rs 163 per share. Meanwhile, Shah Investor’s Home is commanding a GMP of Rs 14, or around 8%, over its upper price band of Rs 167, indicating an estimated listing price of around Rs 181 per share.
