Global Markets
Home›Global Markets›Asia›Poojaa Precision IPO GMP rises after strong 3-day subs…
Poojaa Precision IPO GMP rises after strong 3-day subscription
The issue worth ₹160 crore drew bids worth about ₹30,000 crore during the three-day bidding window, according to the subscription update.
Poojaa Precision Engg. Ltd's IPO grey market premium has climbed to ₹230 after the public issue ended its three-day bidding period, LiveMint Markets reports. Market observers said the GMP rose to ₹230, up ₹5 from the previous day.
The IPO received a strong response from primary-market investors, with bids totaling around ₹30,000 crore during the issue’s subscription dates. The company’s public offer is valued at ₹160 crore.
Investors are now waiting for the allotment date, which the report says is most likely to be announced today. The company may finalize share allocation at any time from now onward.
For applicants, the article says they can check application and allotment status online by logging into the BSE website or the IPO registrar’s portal run by MUFG Intime India Private Ltd. It also lists direct links for checking allotment status via the BSE and MUFG Intime sites.