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NSE IPO: Issue subscribed 42% on Day 1; GMP signals 9% listing gain. Should you subscribe?

FinSiddhi

The NSE IPO was subscribed 42% on Day 1, with investors bidding for 3.7 crore shares against 8.86 crore shares on offer. Non-institutional investors led with 70% subscription, followed by retail investors at 43% and QIBs at 19%. Meanwhile, the IPO’s grey market premium hovered around 9%, suggesting expectations of a moderate listing gain.
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