Bharti Hexacom shares listed at a 32.5% premium on BSE and NSE, after attracting strong interest from non-institutional investors. The IPO was solely an offer for sale by TCIL, with the company operating in Rajasthan and the North East telecommunication circles.
The allotment for the SME IPO of DCG Cables & Wires will be finalised later on Friday. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.
The allotment for the SME IPO of Teerth Gopicon will be finalised later today. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.
However, it is important to note that grey market premiums are just an indicator as to how the company s shares are stacked up in the unlisted market and are subject to change rapidly.
After decent response for the first two days, the SME IPO of Teerth Gopicon was subscribed 16 times so far on Wednesday, the third day of the bidding process. The issue received bids for 6.61 crore shares as against 39.9 lakh shares on offer.