← Top stories
IPO● Neutral for Indian equities
Post Listing Split: Adroit Industries Surges 85% From Issue Price, ArMee Infotech Trades 20% Lower
The brief
- Adroit Industries is up 85% from its issue price; ArMee Infotech is down 20%
- ArMee Infotech makes weak market debut, listing at a discount
- Adroit Industries IPO subscribed 177 times; Swastika Infra, Elevate Campuses, ArMee Infotech gets full subscription
- Four IPOs from Adroit Industries, ArMee Infotech, Swastika Infra and Elevate Campuses move toward allotment
- ArMee Infotech IPO subscription reported at 1.17x to 2.62x on final day