NSE IPO: Will Shares List At A Premium? Here's What GMP Signals
https://ift.tt/rJQSkud The share allotment status for the National Stock Exchange IPO will be finalised today, on Tuesday, Sept. 22. The bourse is expected to process refunds for non-allottees on Sept. 23, while shares are expected to be credited to the demat accounts of successful allottees on the same day. The initial public offering of NSE kicked off with a slower than expected start but gained traction by the last day of bidding, with strong demand from qualified institutional buyers (QIBs) overwhelming response from investors as the public issue was oversubscribed by 5.71 times on the third and final day of bidding on Sept. 21. Qualified Institutional Buyers (QIBs) led the demand for the issue, subscribing 12.68 times. The Non-Institutional Investors (NIIs) category was subscribed 6.55 times, while retail investors booked their quota 1.39 times. Investors who participated in the IPO can check the allotment status on the websites of BSE, NSE, and the issue regi...