Inspire Films IPO Day 3: Issue subscribed by a robust 129 times on last day; retail portion booked over 180x
Also Read: Manoj Vaibhav IPO allotment today: Latest GMP, here's how to check allotment status Let us check Inspire Films IPO subscription status, GMP today and other key details. Inspire Films IPO has been subscribed by a robust 129.08 times on Wednesday, the third and the last day of the bidding process. The issue received bids for 30.90 crore equity shares as against 23.94 lakh shares on the offer.
The public issue was booked 180.41 times in the retail category and 147.16 times in the Non-Institutional Investors’ (NII) category, while the Qualified Institutional Buyers’ (QIB) portion saw 25.27 times subscription. Also Read: Inspire Films IPO Day 2: Issue subscribed over 34 times; retail portion booked 55.71x Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! Inspire Films IPO GMP today, or grey market premium today is ₹24 per share. This shows Inspire Films shares are trading higher by ₹24 that their issue price, in the grey market.
The GMP today indicates that the estimated Inspire Films listing price would be ₹83 per share ( ₹59 + ₹24), which is at a premium of 40.68% to the issue price. Also Read: Arabian Petroleum IPO Day 3: Issue subscribed 20 times so far on last day; retail portion booked 23x Inspire Films IPO opened for subscription on Monday, September 25 and closed on Wednesday, September 27. The company is likely to finalise the basis of IPO allotment on October 3 and initiate refunds on October 4, while credit the shares into the demat accounts of eligible investors on October 5.
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