Shares of One97 Communications are quoting at Rs 2,290 per share in the grey market marking a premium of Rs 140 or 6.51%
The issue looks priced in line with its listed peers. The long term prospects of the company tend to be impressive owing to huge under-penetration.
Experts on the street opine that the near-term outlook is already priced in the leaving a limited room for upside.
In the grey market, the premium for Ami Organic shares has double to Rs 122 per share compared to yesterday’s premium of Rs 60.
High sentiment in primary markets may emanate in listing gains but for the long term, it would be worthy to watch for future performance
In the grey market, Shyam Metalics & Energy shares were trading at Rs 451 implying a premium of Rs 145 or 47% over the IPO price on Friday