Today 2 IPOs got listed on the SME board and investors cheered after the listing
By the time of writing this story, the IPO got subscribed 7.32 times. Its GMP is Rs 370 which implies a premium of 74%.
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The company is in the business of high-end computing solutions and also supercomputing systems
It is believed that as customers will move from the unorganized to the organized sector the company stands to gain. At the same time, it is reported that the company is using technology for attaining operational efficiency.
Two SMEs made a subdued debuty on the stock market
IT sector is facing headwinds due to global macro uncertainty and less discretionary spending by companies on IT activities
There will 6 IPOs for bidding on various boards. At the same time, 6 companies will be listed this week.
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Today 3 IPOs got listed on SME board and all of them enjoyed hefty premiums over the issue price.