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Adroit Industries IPO Day 2: GMP at 25%, subscription reaches 5.18 times. Should you subscribe?

FinSiddhi

Adroit Industries IPO enters its second day of bidding with strong investor interest, commanding a 25% premium in the grey market. The Rs 150.71-crore issue was subscribed 5.18 times on Day 1. Analysts suggest considering the issue from a long-term investment perspective given its vertically integrated operations and strong exports.
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