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The stock of delaPlex was listed at a premium of 61% at Rs 309 on the NSE on Friday against the issue price of Rs 192. The uptick in stock continued as it hit the day's high of Rs 324.45.
The delaPlex IPO has been subscribed 29.75 times on the final day, with over 7.14 crore share bids received against the available 24 lakh equity shares. The retail individual investors' portion was subscribed 67.80 times, while the non-institutional investors' portion was subscribed 49.65 times. The qualified institutional buyers' portion received 367,800 share bids. In the anchor allotment, the company raised Rs 13.09 crore from nine investors. The shares were allotted at a bid price of Rs 192 per share.
The initial public offering (IPO) of Delaplex was subscribed 11.01 times so far on Monday, the second day of the issue. The issue received over 2.64 crore share bids around 2 pm against 24 lakh equity shares available for subscription
Delaplex IPO subscription details: Retail investors can subscribe for a minimum of 1 lot or 600 shares and in multiples of 600 shares thereafter. The maximum subscription amount is Rs 2 lakh. The net proceeds from the IPO will be used for general corporate expenditures, inorganic acquisitions, APAC - Advertisement, Sales and Marketing expenses, and funding working capital requirements.
The initial public offering (IPO) of DelaPlex was subscribed at 0.69 by 1 pm on Thursday, the opening day. The issue received 16.65 lakh share bids against 24 lakh equity shares available for subscription.