Sonaselection India IPO Day 3: Check GMP, subscription status and key details
Sonaselection India IPO entered its final day of bidding after garnering 90% subscription on Day 2. The issue received bids for 90.52 lakh shares against 1 crore shares on offer, with retail investors subscribing 1.29 times their allotted portion. In the grey market, the IPO is commanding a GMP of around 2%, signalling a modest premium...
Key Takeaways
- Sonaselection India IPO entered its final day of bidding after garnering 90% subscription on Day 2.
- The issue received bids for 90.52 lakh shares against 1 crore shares on offer, with retail investors subscribing 1.29 times their allotted portion.
- In the grey market, the IPO is commanding a GMP of around 2%, signalling a modest premium over the issue price, though GMP is unofficial and does not guarantee the listing price.
Sonaselection India IPO entered its final day of bidding after garnering 90% subscription on Day 2. The issue received bids for 90.52 lakh shares against 1 crore shares on offer, with retail investors subscribing 1.29 times their allotted portion. In the grey market, the IPO is commanding a GMP of around 2%, signalling a modest premium over the issue price, though GMP is unofficial and does not guarantee the listing price.
Original Publisher Attribution
This summary was curated from Economic Times.