Virtual Galaxy Infotech’s IPO saw overwhelming demand, being subscribed over 200 times, fueled by strong investor interest across all categories. Allotment finalization is expected today, with investors eagerly awaiting results and a robust grey market premium of 53%. The IPO comprised a fresh issue of 6.57 million shares, aiming to raise Rs 93.29 crore, with listing scheduled for May 19.
GIFT Nifty hits record open interest of $21.56 billion; contracts touch all-time high
GIFT Nifty has hit a record open interest of $21.56 billion, reflecting rising global investor participation in India’s offshore derivatives market. The milestone, achieved on