Stanley Lifestyles IPO Day 2: GMP, subscription status to review. Apply or not?
Stanley Lifestyles IPO: The initial public offering (IPO) of Stanley Lifestyles Limited commenced on 21st June 2024, and will continue until 25th June 2024. The IPO was met with a strong response from primary market investors, with the public offer being fully subscribed on the first day of bidding.
In the grey market, shares of Stanley Lifestyles Limited are currently trading at a premium of ₹172.According to market observers, Stanley Lifestyles' IPO GMP (grey market premium) today is ₹172, ₹12 higher than the weekend GMP for the book build issue. The GMP measures the premium at which the IPO shares are trading in the grey market, indicating market sentiment and potential listing gains.
They said that positive sentiments in the secondary market and vital Stanley Lifestyles IPO subscription status after day one of bidding could be the reasons for the rise in Stanley Lifestyles IPO GMP. They said that frontline Indian indices ended lower on Friday, and any rise in these indices may spurt further upside in the public issue.After day one of bidding, the public issue was booked 1.43 times, whereas the NII portion was subscribed 2.01 times.
The QIB segment was filled 0.30 times, while the retail portion of the mainboard IPO was booked 1.80 times.Also Read: Dee Development IPO allotment date likely today. GMP, how to check statusBy 10:15 AM on day 2 of bidding, the book build issue has been subscribed 1.79 times, the retail portion was booked 2.42 times, the NII portion was subscribed 2.20 times whereas the QIB portion got booked 0.30 times.Expert reviews of the Stanley Lifestyles IPO have been highly positive.
Read more on livemint.com
