Vibhor Steel Tubes IPO: GMP, review to subscription status. Should you apply as bidding ends today?

livemint.com:

Vibhor Steel Tubes IPO: Bidding for the initial public offering (IPO) is going to end today. So, the primary market investors have just one day in hand to apply for the book build issue. As per the Vibhor Steel Tubes IPO subscription status, investors have given a strong response to the public issue and this is expected to rise further as the stock market mood has also gone bullish after a strong recovery on Wednesday.

According to the stock market observers, the grey market is still giving strong signals regarding the Vibhor Steel Tubes IPO. The stock market observers said that Vibhor Steel Tubes IPO GMP (Grey Market Premium) today is ₹122, which signals more than 80 percent listing premium for the investors. They said that Vibhor Steel Tubes IPO has been commanding robust sentiment in the grey market because it has received a strong response from investors and the secondary market mood is also looking bullish after trend reversal on Wednesday.

After two days of bidding, the public issue got subscribed 101.42 times whereas its retail portion got subscribed 90.28 times. The employees' portion of the book build issue got booked 78.93 times, the NII portion got subscribed 252.20 times and the QIB segment of the public offer got subscribed 8.52 times. On whether one should apply to the Vibhor Steel Tubes IPO, Arun Kejriwal, Founder of Kejriwal Research and Investment Services said, "In the first two days of bidding, the public issue has received a strong response from investors as it is offered at an attractive valuations.