MV Electrosystems IPO Day 2: GMP holds above Rs 100, subscription at 3.63x – Should you subscribe? – Markets

MV Electrosystems IPO Day 2: GMP holds above Rs 100, subscription at 3.63x - Should you subscribe? - Markets


According to various websites tracking the unlisted market, investor interest remains strong, mirroring the robust subscription seen on Day 1. The IPO’s grey market premium (GMP) stands at Rs 125, indicating a potential listing premium of 29.41 per cent. If the current GMP sustains, the shares could list at around Rs 550, compared with the upper price band of Rs 425.



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