Supreme Facility Management IPO Closes with 25.71 Times Subscription, Shares Attract 30% GMP

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The initial public offering (IPO) of Supreme Facility Management has seen a remarkable response from investors, closing with a whopping 25.71 times subscription. The IPO, which opened to the public recently, attracted substantial demand across all investor categories, signaling strong market confidence in the company’s future prospects.



The issue, which offered shares at a price range determined by the company, has generated significant interest in the grey market, where shares are reportedly commanding a premium (GMP) of around 30%. This indicates the market's strong belief in the company’s performance post-listing, with many investors keen to grab a slice of the stock before it officially hits the bourses.

The issue’s robust subscription rate and positive grey market premium suggest that Supreme Facility Management could enjoy a strong debut when it lists on the stock exchanges, with analysts predicting a favorable outlook for the company in the near term.

Investors and analysts will closely monitor the listing date to gauge the company's market reception, which is expected to set the tone for future IPOs in the sector.

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