Sat Kartar Shopping’s SME IPO was fully subscribed with an overall subscription of 60.45 times on January 14. The IPO aims to raise Rs 33.80 crore. The retail portion was subscribed 89.06 times, and the issue price ranges from Rs 77-81. The shares are expected to list on the NSE SME platform on January 17.
Kusumgar IPO Day 3: Issue ends subscription with 129x bids; GMP signals 38% listing upside
Kusumgar’s Rs 650-crore IPO concluded with overwhelming investor demand on its final day. Non-Institutional Investors and Qualified Institutional Buyers showed significant interest in the offering.