NSE IPO: Issue subscribed 42% on Day 1; GMP signals 9% listing gain. Should you subscribe?
The NSE IPO was subscribed 42% on Day 1, with investors bidding for 3.7 crore shares against 8.86 crore shares on offer.
Non-institutional investors led with 70% subscription, followed by retail investors at 43% and QIBs at 19%.
Meanwhile, the IPO’s grey market premium hovered around 9%, suggesting expectations of a moderate listing gain.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on economictimes.indiatimes.com — the content belongs to The Economic Times.
