Four major initial public offerings (IPOs) concluded their bidding process on Friday, September 25, raising a cumulative total of over Rs 2,700 crore. These included Swastika Infra (Rs 160.88 crore), Elevate Campuses Ltd (Rs 2,100 crore), ArMee Infotech Ltd (Rs 300 crore), and Adroit Industries Ltd (Rs 150 crore). Meanwhile, grey market premiums (GMP) and subscription figures of the majority of them remain subdued.
IPO Subscription Status and GMP
Armee Infotech Limited
Category | Subscription Status |
|---|---|
Qualified Institutional Buyers (QIB) | 2.99 times |
Non-Institutional Investors (NII) | 2.09 times |
Retail Individual Investors (RII) | 2.47 times |
Overall Subscription (Till 6:09 PM) | 2.44 times |
According to Investorgain, a grey market tracker, the grey market premium was Rs 8. ArMee Infotech Ltd’s price band was Rs 350-375
IPO Details: IPO was open for subscription between September 23 and September 25.
Elevate Campuses IPO
Category | Subscription Status |
|---|---|
Qualified Institutional Buyers (QIB) | 2.52 times |
Non-Institutional Investors (NII) | 0.84 times |
Retail Individual Investors (RII) | 1.01 times |
Overall Subscription (Till 6:24 PM) | 1.79 times |
GMP - According to Investorgain, a grey market tracker, the grey market premium was Rs 2. Elevate Campuses Ltd’s IPO price band was Rs 343-362.
IPO Details: The IPO was open for subscription between September 23 and September 25.
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Swastika Infra IPO
Category | Subscription Status |
|---|---|
Qualified Institutional Buyers (QIB) | 3.22 times |
Non-Institutional Investors (NII) | 18.50 times |
Retail Individual Investors (RII) | 5.39 times |
Overall Subscription (Till 6:24 PM) | 7.60 times |
GMP - According to Investorgain, a grey market tracker, the grey market premium was Rs 4.5. The price band of Swastika Infra was Rs 175-180
IPO Details: The IPO was open for subscription between September 23 and September 25.
Adroit Industries
Category | Subscription Status |
|---|---|
Qualified Institutional Buyers (QIB) | 195.04 times |
Non-Institutional Investors (NII) | 332.35 times |
Retail Individual Investors (RII) | 99.81 times |
Overall Subscription (Till 6:09 PM) | 176.85 times |
GMP - According to Investorgain, a grey market tracker, the grey market premium was Rs 40.
IPO Details: The IPO was open for subscription from September 23 to September 25. Adroit Industries’ IPO price band was Rs 134