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CSM Technologies IPO Day 2: GMP at 4% | Check subscription status. Should you subscribe?

CSM Technologies has launched its IPO, which entered its second day with a grey market premium of 4%, indicating modest expectations for its listing. On Day 1, the IPO was subscribed 26%, driven primarily by retail and Non-Institutional Investor (NII) interest, while there was no participation from Qualified Institutional Buyers (QIBs). The IPO, valued at Rs 145.78 crore, is open for subscription until June 29, with a price band set between Rs 107 and Rs 113. This development is significant for investors and market analysts as it reflects current market sentiments and investor behavior in IPOs.