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On the first day of bidding, the IPO was subscribed 3.08 times, with bids received for more than 17.98 crore shares against the 5.84 crore shares on offer. Retail investors showed strong enthusiasm, with their portion oversubscribed 3.22 times against the 2.93 crore shares reserved for the segment.
Ardee Industries IPO Day 2: GMP at 29%; issue subscribed 3.08 times so far. Should you subscribe?
Impact Score
Market Sentiment
↑BullishPrimary Sectors
On the first day of bidding, the IPO was subscribed 3.08 times, with bids received for more than 17.98 crore shares against the 5.84 crore shares on offer. Retail investors showed strong enthusiasm, with their portion oversubscribed 3.22 times against the 2.93 crore shares reserved for the segment.
Key Highlights
On the first day of bidding, the IPO was subscribed 3.08 times, with bids received for more than 17.98 crore shares against the 5.84 crore shares on offer.
Retail investors showed strong enthusiasm, with their portion oversubscribed 3.22 times against the 2.93 crore shares reserved for the segment..
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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