Prior to its listing, GEM Enviro Management shares were trading with a Grey Market Premium (GMP) of Rs 70 in the unlisted market. The IPO, comprising entirely of a fresh equity issue of 59.9 lakh shares, was oversubscribed by over 200 times at closure, primarily fueled by robust interest from non-institutional investors. Proceeds from the public offer will be allocated towards funding working capital requirements and general corporate purposes.
Arkade Developers listing: After a bumper IPO response, GMP signals a strong debut on Tuesday
Shares of Arkade Developers have been heavily subscribed, over 100 times, and are set to debut on the exchanges on Tuesday. Ahead of the listing,