New Delhi, June 24 -- Sri Priyanka Geo Commex IPO day 1: The initial public offering (IPO) of FMCG company, Sri Priyanka Geo Commex, opened for public subscription on Wednesday, 24 June. The SME IPO aims to raise Rs.94.51 crore, which it primarily wants to use for loan payment and funding working capital requirements.

The IPO is witnessing a weak response from investors, while the grey market is also indicating muted interest.

According to grey market sources, the grey market premium (GMP) of Sri Priyanka Geo Commex shares was nil on Wednesday, 24 June, morning. This indicates the stock could list at par with the issue price.

By 12:25 pm on Wednesday, the issue had seen an overall subscription of just 0.01 times. Retail investors had p...