On the second day of bidding, the IPO was subscribed 18.07 times overall, with investors placing bids for the 78.72 lakh shares on offer. The retail portion was subscribed 7.24 times, against 39.36 lakh shares reserved for retail investors.
On the second day of bidding, the IPO was subscribed 18.07 times overall, with investors placing bids for the 78.72 lakh shares on offer. The retail portion was subscribed 7.24 times, against 39.36 lakh shares reserved for retail investors.
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Adroit Industries IPO enters its second day of bidding with strong investor interest, commanding a 25% premium in the grey market. The Rs 150.71-crore issue was subscribed 5.18 times on Day 1. Analysts suggest considering the issue from a long-term investment perspective given its vertically integrated operations and strong exports.
