Sat, December 7, 2024
[ Sat, Dec 07th 2024 ]: MSN
The Week That Was: December 6, 2024
[ Sat, Dec 07th 2024 ]: AOL
What is credit card churning?
Fri, December 6, 2024
[ Fri, Dec 06th 2024 ]: businesstech.co.za
Absa feels the pain
[ Fri, Dec 06th 2024 ]: The Jamaica Observer
Business Social
[ Fri, Dec 06th 2024 ]: Winchester Star
Business briefcase
Thu, December 5, 2024
[ Thu, Dec 05th 2024 ]: techUK
The Scottish Budget 2024
Wed, December 4, 2024
Tue, December 3, 2024

Nisus Finance Services IPO sees 18.81 times subscription on day 2, GMP indicates good listing


  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. ription-on-day-2-gmp-indicates-good-listing.html
  Print publication without navigation Published in Business and Finance on by Bill Williamson
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source


  The public issue of Nisus Finance Services Co continued to see a healthy response from investors, who subscribed 18.81 times on December 5, the second day of bidding. Meanwhile, the grey market is signaling good listing performance next week. The company ...

The Nisus Finance Services IPO, which opened for subscription on April 23, 2024, saw an overwhelming response on its second day, being subscribed 18.81 times. By the end of the second day, the IPO had received bids for 11,28,80,000 shares against the 60 lakh shares on offer. Retail investors showed significant interest, subscribing 25.66 times, while the Non-Institutional Investors (NII) category was subscribed 13.76 times. The Qualified Institutional Buyers (QIB) portion was subscribed 1.36 times. The IPO, priced in the range of ₹99-103 per share, aims to raise ₹25.96 crore at the upper price band. Market observers noted a grey market premium (GMP) of ₹10, suggesting a positive listing performance. The funds raised will be utilized for lending, investment in subsidiaries, and general corporate purposes. The IPO will close on April 25, 2024.

Read the Full moneycontrol.com Article at:
[ https://www.moneycontrol.com/news/business/ipo/nisus-finance-services-ipo-sees-18-81-times-subscription-on-day-2-gmp-indicates-good-listing-12884297.html ]

Publication Contributing Sources