Vidya Wires IPO Day 2: GMP trends, strong subscription. Should you apply?
[hfe_template id='11223']
[ad_1]
Gujarat-based Vidya Wires’ Rs 300-crore initial public offering (IPO) has entered its second day of bidding following a robust response on Day 1, when it was oversubscribed 2.89 times. The IPO attracted bids for 12.50 crore shares against the 4.33 crore shares on offer. In the grey market, the IPO is trading at a premium of Rs 5, or 9.6%, above the top of its price band, indicating it could list at around Rs 57 per share. This shows positive investor interest, though the grey market premium has dropped slightly from 11.54%. Vidya Wires IPO subscription status On the first day, the IPO saw strong investor demand, data showing it was oversubscribed 2.89 times overall.Retail Individual Investors (RIIs): Subscribed 4.02 times for the 2.17 crore shares allocated to them, showing strong demand from small investors. Live Events Non-Institutional Investors (NIIs): Subscribed 3.42 times on 2.53 crore shares offered. Qualified Institutional Buyers ...