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Shyam Dhani IPO sees massive demand as bidding crosses 550 times on final day
Shyam Dhani Industries IPO drew overwhelming demand with a 556 times subscription, led by retail and non institutional investors, while a near 90 percent GMP signals strong listing expectations.
Strong investor appetite pushed the Shyam Dhani Industries IPO into blockbuster territory, with the issue subscribed more than 550 times on its final day. NSE data showed bids for about 2.19 billion shares against just 3.93 million shares on offer by midday on December 24, translating into an overall subscription of 556 times. Demand was led by non institutional investors, whose quota was oversubscribed nearly 948 times, followed by retail investors at around 722 times.