Q 94 · Excellent

Ardee Industries IPO Day 2: GMP at 29%; issue subscribed 3.08 times so far. Should you subscribe?

Ardee Industries' Initial Public Offering (IPO) demonstrated strong investor interest, being subscribed 3.08 times by its second day of bidding. Retail investors showed significant enthusiasm, oversubscribing their reserved portion by 3.22 times. The Grey Market Premium (GMP) for the IPO stood at a robust 29%, indicating positive market sentiment for potential listing gains.

Key points
  • Ardee Industries' Initial Public Offering (IPO) demonstrated strong investor interest, being subscribed 3.08 times by its second day of bidding.
The Times of IndiaAug 6, 20266 min read