Forcas Studio's SME IPO achieved a 7.16x subscription at Rs 77-80 per share, aiming to raise Rs 37 crore and list on NSE SME.
Men's clothing company Forcas Studio's SME IPO, priced at Rs 77-80 per share, received a 7.16x subscription as of 10:57 am on the first day. The company aims to raise Rs 37 crore through the issue and plans to list on the NSE SME platform. Grey market trading shows a strong listing gain of 102.5%, with unlisted shares trading at Rs 82 higher than the issue price. The final allotment is expected on August 22, with shares listed on August 26.
August 19, 2024
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