Yudiz Solutions IPO: GMP, subscription status on day 3, and other key details

livemint.com:

₹162 to ₹165 per equity share and the Yudiz Solutions shares will be listed on the NSE SME exchange Thursday, 17 August. Yudiz Solutions IPO plans to raise raise ₹44.84 crore via the IPO. The blockchain, AI and gaming focused enterprise solutions technology company, will offload a public issue consisting of a fresh 27,17,600 equity shares of the face value of ₹10.

Also Read: Concord Biotech IPO Day 3: Issue subscribed over 24 times on last day; QIB portion booked 68x Narnolia Financial Services Limited is the issue's book-running lead manager. PLS Capital and Longview Research & Advisory are the issue's advisors, while Mas Services Limited is the issue's registrar. There will be an overall issue of 27,17,600 shares, but 1,36,800 of those equity shares will be held back by the market maker for subscription, leaving 25,80,800 as the "net issue." The issue and net issue will make up, respectively, 26.33% and 25.01% of the post-issue paid up equity share capital of the company, according to reports.

Yudiz Solutions IPO share allotment will take place on Friday, 11 August. Those allotted shares will get them in their Demat accounts on Thursday, 17 August. The refund process for those who did not get shares will begin on Monday, 14 August.

Also Read: Oriana Power IPO allotment today: Latest GMP, here's how to check allotment status Yudiz Solutions IPO was subscribed 5.03 times on day 3 so far. The issue received positive response from retail investors who's portion set was subscribed 6.41 times, and non-institutional buyers who's portion set was subscribed 4.77 times, and qualified institutional buyers who's portion was subscribed 2.81 times, according to data on chittorgarh.com. The company has received bids for 91,54,400