- The IPO was fully subscribed within 4 hours of opening. Whereas, its IPO peers UTI AMC was subscribed 24%, and Likhitha Infrastructure was subscribed 75% in the same period.
- On the first day, it received bids for 4.8 crore equity shares against the offered size of 3.05 crore shares, according to the stock-exchanges data.
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On the first day, it received bids for 4.8 crore equity shares against the offered size of 3.05 crore shares, according to the stock-exchanges data.
The qualified institutional buyers have yet not started bidding for the IPO. However, the retail investors' portion saw a strong response and was subscribed 4.30 times by the end of the day itself. The employees' portion was subscribed 21%, and the non-institutional investors saw a 32% subscription.
What does the grey market premium entail?
Mazagon Dock grey market premium was trading at ₹140-₹150 apiece, which is the highest among other IPOs that are currently open for subscription. UTI AMC and Likhitha Infrastructure were trading at a premium of ₹60 and ₹10, respectively, as of September 29.
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