Ahead of the IPO shares of the company were trading at Rs 1,730 apiece in the grey market marking a premium of Rs 605 or 53.77%.
Shares of Aditya Birla Sun Life AMC are quoting at Rs 726 apiece, marking a premium of Rs 14 or 2% over its issue price of Rs 712.
Shares of the company are quoting at Rs 405 apiece in the grey market marking a premium of Rs 230 or 131% over its issue price of Rs 175.
As per market news, GMP for Vijaya Diagnostic Centre is at Rs 5 i.e 1% at the upper price band of the IPO.
In the grey market shares of Vijaya Diagnostic Centre is quoting at a premium of Rs 10 or 1.88% while Ami Organics is at a premium of Rs 60 or 9.83%
Grey market premiums are falling primarily due to yesterday's weak listing of the 4 IPOs, specially Krsnaa and Windlas which affected the sentiments.
Here is the grey market premium for Devyani International Rs 56, Krsnaa Diagnostics Rs 290, Exarro Tiles Rs 9 and Windlas Biotech Rs 90
The P/BV comes around 8.6x which makes the issue fully priced against the superlative performance leaving little to nothing for investors
Just like market participants take clues from SGX Nifty and not trade in it, IPO applicants takes cues from GMPs for listing-price anticipation
Glenmark Life Sciences is quoting at a premium of Rs 90 over its issue price of Rs 720 while Rolex Rings is commanding a GMP of Rs 470 per share