Nexabyte Technologies IPO subscribed 31.7 times on final day

Nexabyte Technologies' IPO closed with an overall subscription of 31.7 times. The QIB portion was subscribed 38.6x, NII 62.4x and retail 14.8x. The grey market premium has firmed up to Rs 188, implying a listing pop of nearly 25% over the upper band of Rs 760. Allotment is expected to be finalised on June 5, with listing on June 9 on both NSE and BSE.