The IPO received a healthy response from investors with a subscription of 66 times at close. While the retail investors category was booked 63 times, other investors part was subscribed nearly 67 times.
Electro Force made its debut on the NSE SME platform with a mild premium of 7.5% on Wednesday. Post the listing, there was heavy buying interest with the shares locked in a 5% upper circuit at Rs 105.
Rockingdeals Circular IPO, which was opened for public subscription between November 22 and November 24, received a whopping 312.64 times subscription. The retail portion of the issue was subscribed 201.42 times, and the non-institutional category s subscription rate stood at 459 times. The allocation for QIPs was booked 47.4 times.