eMudhra IPO today’s GMP suggests listing loss: Should you still invest in offer?

eMudhra IPO GMP today could increase the worries of the investors bidding on the offer. 

New Delhi: eMudhra IPO opened for subscription today (May 20). The initial public offer (IPO) of the country’s largest licensed certifying authority received a tepid response from investors, with retail investors displaying the maximum excitement for the offer. eMudhra IPO latest GMP, however, suggests that the shares could list at a discount, meaning a potential loss for bidders receiving IPO shares. The IPO will remain open for subscription till May 24. So, should investors bid on the offer or wait for a discounted listing of shares? Here’s all you need to know: 

eMudhra IPO Subscription Status 

eMudhra IPO was subscribed by 48% on day one of the offer. The IPO received bids for 55,06,172 equity shares against 1,13,64,784 equity shares on offer. The quota reserved for retail investors was subscribed by 94%. However, other categories of investors showed little to no interest. 

For instance, the portion reserved for non-institutional investors was subscribed by just while the qualified institutional buyers' quota failed to attract any bids on the first day of the offer. 

eMudhra has reserved 50% of the portion for qualified institutional buyers. The company has fixed the portion for non-institutional investors and retail individual investors at 15% and 35%, respectively.