LCC Projects IPO Day 1: Issue subscribed 44% so far. GMP signals 23% listing pop - Apply or not?
New Delhi, Sept. 9 -- The LCC Projects IPO opened for subscription on Wednesday, September 9. Investors looking to participate in the issue can place their bids starting today. The Rs.427 crore IPO will remain for subscription till 11 September.
The shares of LCC Projects IPO are commanding a premium of Rs.34 in the unlisted market. The GMP of LCC Projects IPO is +34, according to Investorgain. This indicates an estimated listing price of Rs.180, which is 23.29% higher than the IPO price of Rs.146.
The LCC Projects IPO has been subscribed over 44% so far on the first day of bidding on 9 September. The issue has received 92,99,034 bids so far, as compared to 2,09,27,281 offered.
The retail portion has been booked 0.51% so far. Meanwhile...
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