Apollo Techno IPO Closes Strong with 50.63x Subscription; GMP Rises to 9.23%

• Apollo Techno Industries IPO closed on December 26, receiving an impressive 50.63 times overall subscription.
• The retail portion was subscribed 44.81x, NII 98x, and QIB 25.26x, highlighting strong investor interest.
• The Rs 47.96 crore IPO, a fresh issue, had a price band of Rs 123-Rs 130 per share.
• Grey Market Premium (GMP) for ATIL shares increased to 9.23% (Rs 142), suggesting a weak listing despite the premium.
• ATIL, a construction equipment manufacturer, reported robust FY25 financials with 44% revenue growth and 327% PAT surge.

Why It Matters: Apollo Techno Industries IPO saw massive oversubscription, but its rising GMP still points to a weak listing.