Virtual Galaxy Infotech IPO: The initial public offering (IPO) of IT services firm Virtual Galaxy Infotech opened for subscription on Friday, May 9, and will close on Wednesday, May 14. The ₹93 crore SME IPO is entirely a fresh issue of nearly 66 lakh shares. The IPO is witnessing tepid response and current grey market trends indicate the stock could be listed at a nominal premium of 4 per cent.
Virtual Galaxy Infotech IPO subscription status
By 11:30 AM on Friday, the first day of subscription, the issue had been subscribed 4 per cent, with the retail portion booked 7 per cent and the segment reserved for non-institutional investors (NIIs) subscribed 1 per cent. The segment reserved for qualified institutional buyers had not seen any subscriptions until then.
Virtual Galaxy Infotech IPO details
1. Virtual Galaxy Infotech IPO GMP: According to market sources, the latest grey market premium (GMP) of Virtual Galaxy Infotech shares was ₹6. The latest GMP indicates the stock could be listed at a 4.23% premium.
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