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The Economic Times
The Economic Times
Business
Ritesh Presswala

Technocraft Ventures IPO Day 3: Issue subscribed over 30x, GMP rises 14% premium — Should you subscribe?

Technocraft Ventures GMP IPO Anand Rathi

By the close of the subscription period, Technocraft Ventures IPO was subscribed 38.69 times, garnering bids for 32.17 crore shares against the 83.17 lakh shares on offer, according to NSE data.

The Rs 251.88 crore public issue has attracted robust investor interest, while its grey market premium (GMP) has risen to around 14%, up from an earlier premium of 11%. The increase indicates positive market expectations ahead of the company’s stock market debut.

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