The largest franchisee of Pizza Hut, KFC and Costa Coffee in India has fixed a price band of Rs 86-90 a share for its Rs 1,838-crore IPO
In the grey markets, the share was quoting at Rs 1,783 to Rs 1803 commanding a premium of Rs 710-720 or 66% over its issue price
Going by the grey market trends it seems that Zomato might see a muted listing as the issue is expensively priced
The grey market premium has almost halved to Rs 10.50 compared to Rs 18 when the company announced its IPO dates and price band.
India Pesticides IPO: Proceeds from the fresh issue would be used towards funding the working capital requirements and general corporate purposes
Dodla Dairy IPO update: The IPO comprises a fresh issue of Rs 50 crore and an offer for sale of 1,09,85,444 equity shares
Proceeds of the fresh issue would be used towards funding the working capital requirements and general corporate purposes
The auto ancillary firm has fixed the price band at Rs 285-291 per share. The public issue will close for subscription on Wednesday, June 16, 2021
Most brokerage firms have a 'Subscribe' rating for the IPO, and the grey market premium for the issue rose from Rs 655 in the last week to Rs 910 impl
Ahead of the IPO, the shares were quoting at a premium of Rs 7.5 or close to 9% in the grey market.