Exicom Tele Systems IPO day 3: GMP, subscription status, other details. Apply or not as bidding ends today?

livemint.com:

Exicom Tele Systems IPO: The initial public offering (IPO) of Exicom Tele Systems Limited opened on 27th February 2024 and will remain open till 29th February 2024. As per the Exicom Tele Systems IPO subscription status, the public issue has been booked 27.78 times after two days of bidding. Meanwhile, on the last date of bidding, the grey market continues to remain bullish regarding Exicom Tele Systems IPO.

According to stock market observers, Exicom Tele Systems IPO GMP (grey market premium) today is ₹179, which is around 126 percent higher than the Exicom Tele Systems IPO price of ₹135 to ₹142 per equity share. As mentioned above, Exicom Tele Systems IPO GMP today is ₹179, which is ₹9 higher than Wednesday's GMP of ₹170. They said that Exicom Tele Systems IPO GMP today has surged despite sharp selling pressure in the secondary market on Wednesday.

They said that a strong response by investors could be the possible reason for this bullish grey market sentiment. After two days of bidding, Exicom Tele Systems IPO has been booked 27.78 times whereas its retail portion has been booked 64.79 times. The NII portion of the public offer has been booked 54.39 times while the QIB portion has been subscribed 4.48 times.

By 10:27 on day 3 of bidding, the public issue was booked 31.60 times while the retail portion was subscribed 71.61 times. The NII portion of the book build offer was booked 64.59 times and the QIB segment was booked 4.49 times. Giving a 'subscribe' tag for listing gain, Rajan Shinde, Research Analyst at Mehta Equities said, "By looking at the financials the company has shown strong growth in FY2022 with 64.3% and a de-growth of -16% in FY 2023 in revenue from operations but in net profit terms the company has