The Park Medi World IPO, worth ₹920 crore, has been fully subscribed on the third and final day of bidding (December 12), despite a sharp decline in grey market sentiment over the past few days.
Park Medi World IPO Subscription Status (Day 3, 10:45 AM)
- Total Subscription: ~136% (5.67 crore bids vs 4.18 crore shares on offer)
- Retail Investors: 150% subscribed
- Non-Institutional Investors (NII): 240% subscribed
- Qualified Institutional Buyers (QIB): 32% subscribed
Retail and NII categories saw strong demand, while QIB participation is still building but remains moderate as of the latest update.
Grey Market Premium (GMP) Update
Grey market activity has cooled significantly:
- Investorgain GMP: 5.25% (down over 74% from the 20.37% GMP seen on December 7)
- IPO Watch GMP: 7.40%
Although the stock still trades at a small premium in the unofficial market, the trend suggests weakening listing expectations compared to earlier projections.
Stay tuned with CurrencyGyan for final subscription numbers and listing-day updates.
