Veegaland Developers’ ₹210-crore IPO entered its final bidding day after being subscribed 1.17 times by Day 2, led by retail demand. A ₹20 grey market premium suggests a potential 15% listing gain, while brokerages recommend subscribing for the long term.
Veegaland Developers IPO Day 3: GMP at 15%, subscription status 1.17x. Should you subscribe?
Veegaland Developers’ ₹210-crore IPO entered its final bidding day after being subscribed 1.17 times by Day 2, led by retail demand. A ₹20 grey market premium suggests a potential 15% listing gain, while brokerages recommend subscribing for the long term.
Original reporting provided by Economic Times Markets.
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