Silkflex Polymers IPO Gathers Momentum with 4.58x Subscription on Day Three

By day three, Silkflex Polymers (India) Limited's IPO reached a 4.58 times subscription, showing a moderate investor response as the company progresses towards completing its public offering.
Silkflex Polymers IPO Gathers Momentum with 4.58x Subscription on Day Three

Silkflex Polymers (India) saw a subscription of 4.58 times by the end of day three. This reflects a moderate level of investor interest in the company as it moves toward finalising its public offering.

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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) garnered strong interest with a subscription rate of 1.89x on its second day. 

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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