The brief
- IPO subscribed 2.44x, with bids for 1.81 crore shares against 74.30 lakh offered
- Strong subscription may support sentiment among Indian SME IPO investors
- 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