CSM Technologies' initial public offering has reached 66% subscription on its final day of bidding, marking a significant turnaround from the weak demand seen at the start of the process.
The ₹146 crore issue, which opened for subscription on June 24, is set to close on June 29.
The late surge in interest suggests that retail and institutional investors are increasingly comfortable with the valuation as the deadline approaches.
The offering had struggled to gain traction initially, with subscription levels standing at just 0.26 times the issue size on the first day.
By the second day, demand had only marginally improved to 0.31 times.
The price band for the IPO is set between ₹107 and ₹113 per share.