Srigee DLM IPO clocks 107x bids. But GMP says 'steady now'

Srigee DLM IPO has captured the market's attention with an impressive overall subscription of 107 times. Retail investors subscribed 92.23 times, while non-institutional investors (NIIs) led the charge with a staggering 206.28 times oversubscription. Qualified institutional buyers (QIBs) showed moderate interest, subscribing 1.52 times. The IPO, priced between Rs 94 and Rs 99 per share, aims to raise Rs 16.98 crore through a fresh issue of 17.15 lakh shares. The money is earmarked for setting up a new manufacturing facility in Greater Noida, acquiring machinery, and addressing general corporate needs. Subscription snapshot Here's a breakdown of the subscription status across investor categories: Category Shares offered Times subscribed Shares applied QIB 3,25,200 1.52x 4,94,400 NII 2,46,000 206.28x 5,07,44,800