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IPO● Neutral for Indian equities
Four IPOs from Adroit Industries, ArMee Infotech, Swastika Infra and Elevate Campuses move toward allotment
The brief
- The four IPOs are Adroit Industries, ArMee Infotech, Swastika Infra and Elevate Campuses
- NDTV Profit says bidding entered Day 3; Mint says subscriptions have concluded and allotment is next
- IPO demand and listing outcomes affect prospective investors in these four Indian issuers
Adroit Industries IPO subscription
Adroit Industries’ Rs 150.71-crore IPO had a 25% grey-market premium and 5.18 times subscription on Day 2. By the close, it was subscribed 177 times, with the non-institutional category subscribed 332.35 times.
Monday, 28 September
Saturday, 26 September
Friday, 25 September
- Four IPOs from Adroit Industries, ArMee Infotech, Swastika Infra and Elevate Campuses move toward allotment