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The Anawil Wire & Engineering IPO received a healthy response on the first day of bidding, with the issue subscribed 70% as investors placed bids for over 47 lakh shares. The IPO is also commanding a grey market premium of around 30%, indicating expectations of a strong listing.
Anawil Wire & Engineering IPO Day 1: Issue subscribed 70% so far, GMP signals 30% listing premium
Impact Score
Market Sentiment
↑BullishPrimary Sectors
The Anawil Wire & Engineering IPO received a healthy response on the first day of bidding, with the issue subscribed 70% as investors placed bids for over 47 lakh shares. The IPO is also commanding a grey market premium of around 30%, indicating expectations of a strong listing.
Key Highlights
The Anawil Wire & Engineering IPO received a healthy response on the first day of bidding, with the issue subscribed 70% as investors placed bids for over 47 lakh shares.
The IPO is also commanding a grey market premium of around 30%, indicating expectations of a strong listing..
Source
Economic Times
Published
3h ago
Impact Score
75 / 100
Category
Capital Markets
Positive near-term momentum expected in Capital Markets as market digests this development.
What this means
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