IPO GMP comparison, Oct. 2 -- The IPO race between Vishal Nirmiti and Nityas Gems and Jewellery is gaining momentum, with both issues witnessing demand on the second day of bidding. While Vishal Nirmiti's IPO was subscribed to 57%, Nityas Gems attracted a slightly higher subscription of 69% by the end of the second bidding day.

Both public issues opened for subscription on 30 September and will remain open until 5 October, giving investors another opportunity to participate before the bidding window closes.

Vishal Nirmiti IPO GMP today, or grey market premium, is +20. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Vishal Nirmiti share price was indicated at Rs.2...