EMS IPO: Issue subscribed over 23 times on day 3 so far; retail portion booked 22.6x
EMS IPO subscribed 23.02 times on day 3 so far; retail portion subscribed 22.64 times, NII portion 50.04 times, QIBs portion 2.74 times.
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EMS IPO subscribed 23.02 times on day 3 so far; retail portion subscribed 22.64 times, NII portion 50.04 times, QIBs portion 2.74 times.
EMS IPO subscribed 15.05 times on day 2, with retail investors responding favorably. The IPO is expected to have a strong listing.
The strong demand was led by non-institutional investors, whose category was subscribed 1.89 times, and retail investors with 1.64 times subscription. There were no bids yet from qualified institutional buyers.
EMS IPO raises ₹96.37 crore from anchor investors. IPO opens on Sep 8 and closes on Sep 12. IPO price band: ₹200-211 per share.