The Initial Public Offering of Exato Technologies has witnessed an overwhelming response from the investor community as it closed its bidding process with remarkable figures. According to market data the issue was subscribed more than two hundred and ninety nine times indicating a frenzy of interest among both retail and non institutional investors. The strong demand is attributed to the positive sentiment surrounding the companys business model and the robust conditions of the primary market which have recently favored small and medium enterprise listings.

Market observers are closely watching the Grey Market Premium or GMP which signals a highly profitable listing for lucky allottees. Reports suggest that the GMP for Exato Technologies shares has reached one hundred and fifty rupees per share. Given that the issue price band was fixed at one hundred and forty rupees this premium indicates a potential listing gain of over one hundred percent. If these grey market trends hold true upon listing investors could see their investment value double on the very first day of trading.

The bidding process saw high activity across all categories with the High Net Worth Individual and Retail segments placing bids aggressively. With the subscription window now closed the focus shifts to the share allotment process where the company will finalize the list of successful applicants. Those who do not receive shares will see their blocked funds released shortly while successful bidders can expect the shares to be credited to their demat accounts before the listing date. This IPO is being cited by analysts as another example of the growing appetite for SME stocks in the Indian market where high risk is often accompanied by the potential for high returns.

Read More: Exato Technologies IPO Sees Massive Demand Being Subscribed Over Two Hundred and Ninety Nine Times