Effwa Infra and Research IPO Day 2: Check Subscription Status, GMP Today – News18 ...Middle East

Effwa Infra and Research IPO: The initial public offering of Effwa Infra & Research Limited, which opened for public subscription on Friday, is witnessing strong bidding on the second day. Till 10:43 am on the second day of bidding on Monday, the Rs 51.27-crore IPO received a strong 27.98 times subscription garnering bids for 11,69,13,600 shares as against 41,79,200 shares on offer. The quota for non-institutional investors received 11.53 times subscription, while retail individual investors (RIIs) portion got subscribed 46 times. The Effwa Infra and Research IPO will be closed on July 9, and its price band was fixed at Rs 78-Rs 82 per share. The IPO allotment will take place on July 10

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