Hy Tech IPO: Subscription hits massive 244x, eclipses Tempsens by a wide margin; check latest GMP
New Delhi, Aug. 27 -- Investor appetite for the primary market remained strong, with the recently concluded IPOs of Hy-Tech Engineers and Tempsens Instruments drawing an overwhelming response across investor categories. Both issues witnessed robust demand from retail, non-institutional, and institutional investors, reflecting continued enthusiasm for new market offerings.
The Hy-Tech Engineers IPO emerged as the more heavily subscribed of the two, with the issue being booked 244 times, compared with 184.07 times for the Tempsens Instruments IPO.
The strong demand for Hy-Tech Engineers was led by non-institutional investors (NIIs), whose portion was subscribed 412 times, followed by retail investors at 175 times and qualified institution...
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