The Veegaland Developers IPO has entered its final day of bidding, with the issue attracting steady investor interest and its grey market premium (GMP) pointing to a potentially positive debut. The IPO’s GMP is currently around 15%, suggesting the possibility of a decent listing gain. However, investors should keep in mind that GMP is an unofficial indicator and can change sharply before the shares begin trading.
On Day 2, the Rs 210-crore public issue was subscribed 1.17 times overall, against the 1.13 crore shares on offer. The retail segment saw stronger participation, with Retail Individual Investors (RIIs) subscribing 1.67 times their reserved portion. The retail quota comprised 56.53 lakh shares.
