Arisinfra Solutions IPO Subscribed 66% On Day Two: Check GMP

Arisinfra Solutions IPO Subscribed 66% On Day Two: Check GMP

The initial public offering of Arisinfra Solutions Ltd. has been subscribed 66% or 0.66 times on the second day of bidding as of 1:12 p.m. The IPO saw the entry of Qualified Institutional Buyers or QIBs during mid-day on June 19.On the first day, it garnered a sluggish reception and was subscribed 24% or 0.24 times. The portion for retail investors was fully subscribed.According to InvestorGain, the latest GMP for Arisinfra Solutions IPO stood a…

ArisInfra IPO: Issue Subscribed 24% On Day 1

Update | June 18, 8:03 PM ArisInfra Solutions’ IPO ended the first day of bidding with an overall subscription of 24%, with retail investors leading the pack.  The portion reserved for retail investors was oversubscribed 1.04X, receiving bids for 24.7 Lakh shares as against 23.7 Lakh shares on offer.  NIIs bid for 6.9 Lakh shares as against the 35.68 Lakh shares reserved for them, resulting in 19% subscription. However, QIBs bid for a mere 10,98…