Key Points
Trust Fintech IPO: The initial public offering (IPO) of small and medium-sized enterprise (SME) Trust Fintech opened for subscription on Tuesday, March 26, 2024..
The issue will remain open for subscription till Thursday, March 28, 2024..
The Nagpur-based company has reserved a total of 20.88 lakh equity shares or 33.24 per cent to retail investors, 18.99 per cent for qualified institutional buyers (QIBs), and 14.25 per cent for non-institutional investors (NIIs) in the issue. 3.18 lakh equity shares are also set aside for market makers...
On the first day of issue, retail investors bid the highest as the portion reserved for them was booked 5.51 times..
The portion reserved for NIIs was subscribed 2.74 times, while QIBs did not subscribe to the issue on the first day, according to stock exchange data...
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