Paluck Technologies IPO subscribed 253 times on final day; GMP spikes over 40%

Gurugram-based Paluck Technologies' initial public offering recorded a massive 252.7 times subscription on September 1. Investors placed bids for 124.3 crore equity shares during the three-day period that started on August 28. Shares also got a premium of over 40 percent in the grey market as excitement grew among many retail investors.