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Srigee DLM IPO closes today; subscription rises to 107x, GMP at 30%

Business Standard LogoBusiness Standard19h ago

Srigee DLM IPO closes today; subscription rises to 107x, GMP at 30% - Business Standard

Quick Summary:

The subscription was led by non-institutional investors (NIIs), who bid for over 200 times the reserved quota, followed by retail investors at 92.

Shares of Srigee DLM will be listed on the BSE SME platform tentatively on Monday, May 12, 2025.

According to the red herring prospectus (RHP), the basis of the allotment of shares is expected to be finalised on Thursday, May 8, 2025.


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Srigee DLM IPO closes today; subscription rises to 107x, GMP at 30% - Business Standard (Picture 1)

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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-07 @ 11:56:57 (19 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 482 words

Reading Time: 3 minutes read

Sentences: 25 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 28462200

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 315 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 4 hours ago

Coverage Areas: India

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Publisher ID: #49

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