Gabion Technologies IPO Oversubscribed Multiple Times Amid Strong Investor Demand and Grey Market Premium
1 day agoBusiness
39LENS
4 SourcesIndia
TBNthebalanced.news
Gabion Technologies IPO Oversubscribed Multiple Times Amid Strong Investor Demand and Grey Market Premium

Gabion Technologies' Initial Public Offering (IPO) has seen overwhelming investor demand, with subscriptions reaching 168.6 times the offer size by the second day and 247.28 times by the final day. Retail and non-institutional investors showed particularly strong interest, subscribing at rates exceeding 135x and 155x respectively. The Qualified Institutional Buyer portion also saw increased subscription. Shares are trading at a 37% premium in the grey market, indicating positive investor sentiment ahead of its listing on the BSE SME platform.

Political Bias
22%56%22%
Sentiment
71%