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IPO● Neutral for Indian equities
Adroit Industries shares set to list; grey-market premium signals 41% upside
The brief
- Grey-market premium signals a 41% premium over the issue price
- The NII portion was subscribed 332.35 times and the retail portion 99.81 times
- Adroit Industries Shares Make Bumper Debut On NSE; List With Over 75% Gains
- Blockbuster debut! Mainboard Adroit Industries shares list at 87% premium; should you buy, sell or hold?
- Adroit opens higher; Swastika rises as Elevate and ArMee disappoint on debut
- Adroit Industries (India) Ltd
- Stocks to Watch Today: GSPL Transmission, Avalon Tech, Elevate Campuses, Adroit Industries, Power Mech, ArisInfra Solutions, Ganesh Benzoplast, KSB in focus on 30 September
Adroit Industries IPO subscription and listing
Adroit Industries’ IPO was subscribed 177 times, including 332.35 times in the non-institutional category and 99.81 times in the retail portion. Allotment was expected on September 28, and the shares were set to list on September 30.
Wednesday, 30 September
- Adroit Industries shares set to list; grey-market premium signals 41% upside