Kwick Forensic Solutions IPO Set for Listing After 289x Subscription
· Business · Economic Times, LiveMint
Kwick Forensic Solutions will list on the BSE SME platform on September 3 after its Rs 50.77 crore IPO received an extraordinary subscription of 289 times. Shares are trading at an 87% premium in the grey market ahead of the debut. The IPO, which closed on August 31, saw the retail portion subscribed 313.18 times and non-institutional investors bid 318.53 times the shares on offer. The company set the price band at Rs 85–90 per share, requiring a minimum investment of Rs 2.88 lakh for retail participants.
Why it matters
The massive subscription and high grey market premium indicate intense investor interest in the SME segment, though such high demand often precedes significant volatility.
Read the original report — Economic Times
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