Urban Company IPO: Issue gets subscribed 553% by Day 2; GMP signals strong debut prospects
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Urban Company's IPO witnessed strong demand, subscribed 5.53 times by the second day, with retail investors leading the charge. The IPO traded at a premium in the grey market, signaling a potential listing price near Rs 138. While analysts consider the issue fully priced, brokerages recommend subscribing for the long term, citing Urban Company's market leadership and growth potential. What's Your Reaction?
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