ArMee Infotech IPO subscribed 2.62 times
A ipo & listings development with market-wide reach.
· Business Standard Mkts
The offer received bids for 1.81 crore shares as against 74.30 lakh shares on offer.
The analysis
Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.
Related coverage
Reliance shares may be a cheaper way to buy Jio Platforms after its listing
Bharti Airtel's Sunil Bharti Mittal backs Jio's public listing, says ‘looking forward to a very successful IPO’
Vodafone Idea zooms 12% after FPO sees 6x subscription; focus shifts to allotment, listing
PSP Projects share gains 4% on launching Rs 244-crore QIP
Indus Towers gains 4% after CLSA upgrade to #39;buy#39; on Voda Idea FPO