CLN Energy IPO subscribed over 2 times so far on Day 2: Check GMP, price band and other details
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The SME initial public offering (IPO) of CLN Energy was fully subscribed on Friday with an overall subscription of 2.09 times as of 11:30 AM on the second day of bidding. The company aims to raise Rs 72 crore through the SME IPO, with the shares set to list on the BSE SME platform. The retail portion of the issue was subscribed by 2.82 times, while the issue was subscribed by 1.89 times in the non-institutional investors category on the second day of bidding. Meanwhile, the qualified institutional buyers had fully subscribed to their allotted portion with a 100% subscription. CLN Energy IPO’s GMP on Day 2 In the unlisted market, CLN Energy doesn't have any GMP yet. This does not mean that the IPO has muted demand and it is entirely possible that there will be some grey market activity in the coming days. CLN Energy IPO issue structure CLN Energy IPO is a fresh equity sale of 28.92 lakh shares, and the issue will be available for biddi...