New Delhi, March 30 -- The initial public offering (IPO) of electrical panels and automation systems manufacturer, Vivid Electromech, which opened for public subscription on Wednesday, March 25, is concluding today (Monday, March 30).

The SME IPO so far has seen a mild response from investors, while grey market sources say the stock may list at par with the issue price.

According to grey market sources, the grey market premium (GMP) of Vivid Electromech shares on Monday morning was nil. This indicates the stock could list at par with the issue price of Rs.555 on the NSE SME.

By 10:50 am on Monday, the SME IPO had seen an overall subscription of 0.67 times, with the retail portion booked 0.16 times. However, the NII and QIB segments had...