New Delhi, Feb. 27 -- Shree Ram Twistex GMP in focus: Shree Ram Twistex, a manufacturer of cotton yarns whose IPO garnered massive investor interest during its three-day bidding period, with subscription crossing over 53 times, is set to debut on the bourses on Monday, March 02.
Despite receiving a solid response from investors, the grey market premium (GMP) indicates that the stock might list at a discount to its issue price.
According to market sources, the grey market premium (GMP) of Shree Ram Twistex is Rs.-20 per share, indicating that the stock could list at Rs.84 per share, a 20% discount from the IPO price of Rs.104 apiece.
At the time of the bidding opening, the GMP was trading at Rs.7.5 per share, and in the following sessio...
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