Key Highlights
- This means that the IPO allottees lost 26% to the IPO listing.
- Neptune Logitek share price fell over 5% to ₹95.80 apiece, immediately after listing on the Indian stock market.
- Ahead of listing, the GMP of Neptune Logitek IPO was +0 in the grey market, which indicated a muted listing.
- The issue was priced at ₹126 per share, translating into a post-issue valuation of around ₹173 crore for Neptune Logitek.
- The offer closed on December 17 and saw an overall subscription of 1.61 times, with strong demand primarily from retail investors.
