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IPO● Neutral for Indian equities
Swastika Infra IPO draws over 1.5x subscription on Day 2
The brief
- Day 2 subscription stood at 1.64 times in one report and over 1.5 times in another
- The issue size was ₹160.88 crore
- A dashcam that stays connected
- Adroit Industries IPO subscribed 177 times; Swastika Infra, Elevate Campuses, ArMee Infotech gets full subscription
- Lights, camera, transaction
- Four IPOs from Adroit Industries, ArMee Infotech, Swastika Infra and Elevate Campuses move toward allotment
Swastika Infra IPO subscription and allotment
Swastika Infra’s ₹160.88 crore IPO was subscribed 1.64 times on Day 2. Allotment status is expected today.
Monday, 28 September
Thursday, 24 September
- Swastika Infra IPO draws over 1.5x subscription on Day 2