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Sotefin Bharat IPO remains undersubscribed on day 1 but GMP signals over 10% premium

in5points
  1. Sotefin Bharat IPO remains undersubscribed on day 1 of bidding.

  2. The grey market premium (GMP) signals over 10% premium over the issue price.

  3. The public issue consists of 48 lakh shares with a price band of Rs 178-187 per share.