Orient Cables IPO Day 3: GMP at 27%; subscription crosses 8 times. key details inside
60-Word AI Digest
The Rs 552-crore Orient Cables IPO entered its final day of bidding on September 29 amid strong investor demand. In the grey market, the IPO was commanding a 27% premium over its issue price. The book-built issue comprises a fresh issue of 1.18 crore shares worth Rs 320 crore and an OFS of 85.29 lakh shares...
Key Takeaways
- The Rs 552-crore Orient Cables IPO entered its final day of bidding on September 29 amid strong investor demand.
- In the grey market, the IPO was commanding a 27% premium over its issue price.
- The book-built issue comprises a fresh issue of 1.18 crore shares worth Rs 320 crore and an OFS of 85.29 lakh shares worth Rs 232 crore.
The Rs 552-crore Orient Cables IPO entered its final day of bidding on September 29 amid strong investor demand. In the grey market, the IPO was commanding a 27% premium over its issue price. The book-built issue comprises a fresh issue of 1.18 crore shares worth Rs 320 crore and an OFS of 85.29 lakh shares worth Rs 232 crore.
Original Publisher Attribution
This summary was curated from Economic Times.