Silkflex Polymers IPO on Day 2 Subscription Soars to 1.89x

Silkflex Polymers (India) sees solid 1.89x subscription on Day 2, reflecting investor confidence and showing a promising IPO, highlighting positive market sentiment towards Silkflex's future.
Silkflex Polymers IPO on Day 2 Subscription Soars to 1.89x

Silkflex Polymers (India) garnered strong interest with a subscription rate of 1.89x on its second day. Investors showed robust confidence, showing potential for a successful offering. This enthusiastic response underscores the market’s positive outlook towards Silkflex’s future prospects.

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How To Check Silkflex Polymers (India) Limited IPO Subscription Status? 

Steps to check the IPO subscription status on NSE

Following are the steps to check it through the NSE website

  • Visit NSE‘s official website.
  • Navigate to the ‘Market Data’ tab.
  • Choose ‘IPO’.
  • Select the Silkflex Polymers (India) Limited IPO to check its subscription status.
  • Opt for either NSE Bid details or Consolidated Bid details.
  • Explore the total number of bids received from various investors. 

Silkflex Polymers (India) Limited IPO Allotment Status

The allotment date for the Silkflex Polymers Limited IPO is set for May 13, 2024, with shares priced at a range of ₹52 per share and a face value of ₹10. The offering consists of lots of 2000 shares, with bids accepted for these lots or their multiples.

Silkflex Polymers (India) Limited IPO Subscription Status

Silkflex Polymers (India) Limited IPO experienced a subdued start on Day 1, with the issue being subscribed just 0.93 times

Silkflex Polymers (India) Limited IPO Listing Date 

Silkflex Polymers Limited IPO is expected to be listed on the NSE SME on May 15, 2024.

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