New Delhi, Sept. 3 -- Rays of Belief IPO has entered its last day of bidding on Thursday, 3 September. Traders who wish to invest have a last chance to place their bids today.

The mainboard IPO, which opened for bidding on 1 September, has so far received a strong response from investors.

The IPO is currently trading at a grey market premium (GMP) of Rs.59. At the upper price band of Rs.239 per share, this translates into an estimated listing price of Rs.298, representing a potential gain of 24.69% over the issue price.

However, grey market trends tracked over the past 15 sessions show that the GMP has risen to Rs.59 today, signalling expectations of a strong listing. During this period, the GMP has fluctuated between Rs.0 and Rs.59. ...