Adroit Industries IPO lists with GMP seen at 41% premium
In short
Adroit Industries’ Rs 150.71-crore IPO is listing today. The issue had a fresh issue of 98.97 lakh shares and an offer for sale of 13.50 lakh shares, with a price band of Rs 126-134 per share. Reports say the grey market premium points to a 41% premium.
This matters to investors because it can hint at listing demand. The actual listing price is not stated, and the final market reaction is still unknown.
What the reporting says
Adroit Industries’ Rs 150.71-crore IPO is set to list today, with publisher-supplied reporting saying the grey market premium points to a 41% premium over the issue price. The issue included a fresh issue of 98.97 lakh shares worth Rs 132.62 crore and an OFS of 13.50 lakh shares worth Rs 18.09 crore, priced at Rs 126-134 per share. Oversubscription was heavy across categories, but the actual listing price is not stated.
Why it matters
Adroit Industries’ Rs 150.71-crore IPO is listing today, and publisher-supplied reporting says the grey market premium points to a 41% premium over the issue price. The issue comprised a fresh issue and an offer for sale, and subscription was very strong across NII, retail and QIB categories. The report does not give the final listing price, so the real market outcome remains unknown.