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Exato IPO Soars: 117x Oversubscribed on Day 2!
1 Dec
Summary
- Exato Technologies IPO saw 117 times subscription by Monday morning.
- Grey market premium indicates a 93.57% potential listing gain.
- The Rs 37.5-Crore IPO is set to close on December 2.
Exato Technologies Ltd's Initial Public Offering (IPO) is making waves, achieving an impressive 117.25 times subscription by midday on its second day of bidding. This Rs 37.5-Crore offering on the BSE SME platform has seen overwhelming demand from retail and non-institutional investors, with subscriptions far exceeding the shares on offer.
The positive investor sentiment is further amplified by a significant grey market premium, with unlisted shares trading at Rs 271, a remarkable 93.57% above the upper IPO price band of Rs 140. This indicates strong anticipation for a blockbuster listing.
The IPO, which opened on Friday, December 1, will close on Tuesday, December 2. Allotment is expected on December 3, with the company slated to list on the BSE SME on December 5. Exato Technologies reported a 10% revenue rise and an 84% profit jump between FY24 and FY25.
