Eleganz Interiors IPO subscribed over 2 times so far on Day 2: Check GMP, price band and other details
The retail portion of the issue was subscribed by 4.7 times, while the issue was subscribed by 2.33 times in the non-institutional investors’ category on the second day of bidding. Meanwhile, the qualified institutional buyers had subscribed by 10% of the allotted portion.
The issue, a completely fresh equity sale of 60.05 lakh shares, will be available for bidding till February 11.
Eleganz Interiors IPO’s GMP on Day 2
Ahead of listing, the company's shares were trading with a GMP of Rs 35 in the unlisted market on Monday, indicating a premium of nearly 27% over the upper end of the IPO price band of Rs 130.
Check Eleganz Interiors IPO price band
Eleganz Interiors has priced its IPO in the range of Rs 123-130 per share, where investors can bid for 1,000 shares in one lot. About 20% is reserved for institutional investors, 40% for retail investors and the remaining 40% for non-institutional investors.
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