
NAPS Global India IPO subscribed 6% so far on Day 1: Check GMP, price band and other details
IPO) of NAPS Global India, which opened for public bidding on Tuesday, had an overall subscription of 6% as of 10:59 AM on the first day of public bidding. The company aims to raise Rs 12 crore through a fresh equity issuance of 13.2 lakh shares, with the issue available for investors to bid till March 6.
The retail portion of the issue was subscribed by 11%, while the issue was subscribed by 1% in the non-institutional investors category on the first day of bidding. Meanwhile, the qualified institutional buyers had not made any bids yet.
The company has reserved 50% for retail investors in the IPO and the kept 50% aside for other investors including the non-institutional players.
NAPS Global India IPO’s GMP on Day 1
Ahead of listing, the company's shares were trading with a GMP of Rs 0 in the unlisted market on Tuesday, indicating a nil premium over the upper end of the IPO price band of Rs 90.
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