The initial public offering (IPO) of EAAA India Alternatives continued to witness subdued demand on the second day of bidding, with the issue receiving 12 percent subscription by 10:30 am on October 27, according to data from the National Stock Exchange (NSE).
The Rs 1,200-crore IPO received bids for 6,58,503 shares against 52,99,684 shares on offer.
Among investor categories, the non-institutional investor (NII) category led the demand, subscribing to 33 percent of its allotted portion, while the retail portion received bids for 6 percent of the shares reserved for the category.
In the grey market, the EAAA India Alternatives IPO was commanding a grey market premium (GMP) of nearly 1 percent on the morning of October 27, according to InvestorGain.
The grey market premium is an unofficial indicator of investor sentiment towards a public issue before its listing. However, it does not guarantee listing gains, and the premium can fluctuate depending on market conditions and investor demand.