February 15, 2024
Stocks

As Vibhor Steel Tubes IPO approaches its final bidding day, let's explore its Grey Market Premium (GMP)

Market observers report that Vibhor Steel Tubes IPO shares are trading at a premium of ₹122 in the grey market today. With the bidding for the initial public offering (IPO) set to conclude today, potential investors have only one day left to participate in the book build issue. The IPO has garnered a significant response from investors, with strong subscription figures across various segments. The grey market continues to show positive signals for the IPO, with the premium rising after a brief correction. As of the third day of bidding, the overall subscription stands at 213.59 times, with the retail portion subscribed 155.94 times, the NII portion 549.33 times, and the QIB segment 64.31 times. The robust sentiment in the grey market, coupled with strong investor interest and a bullish secondary market, indicates a promising outlook for the Vibhor Steel Tubes IPO.

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