Studio LSD IPO Listing: Shares make weak debut at ₹43.20 on NSE SME, down 20% from issue price
Studio LSD IPO Listing: Studio LSD shares made a weak debut on the bourses on Monday, August 25, listing at ₹43.20 on NSE SME, a discount of 20 per cent to its issue price of ₹54.
The Studio LSD IPO witnessed a fairly strong response from investors, closing with an overall subscription of 3.23 times. The issue received 4.21 crore bids against 1.30 crore shares on offer. Breaking it down by investor category, the retail portion was oversubscribed 4.58 times, non-institutional investors (NIIs) subscribed 1.25 times, while the qualified institutional buyer (QIB) segment was fully subscribed at 1.00 time.
IPO Details
The ₹74.25-crore issue of Studio LSD included a fresh equity issuance of 1.10 crore shares worth ₹59.40 crore,…
