
The Rs 2,160 crore issue, sold in the Rs 552-554 price band between September 29 to October 1, had received bids for shares 2.31 times of what was on offer, yet the subscription level was one of the lowest in recent times. Grey market demand for the unlisted shares was also tepid, as the HNI quota of the IPO remained undersubscribed.
from Markets-Economic Times https://ift.tt/352TjoD
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Likhitha Infrastructure Ltd IPO