Global Surfaces IPO subscribed 3.85 times so far on last day of bidding; GMP signals listing gains

According to analysts, the grey market premium, which indicates the premium commanded by shares in unlisted markets stoo Rs 20. The company has fixed a price band of Rs 133-140. At the upper end, the shares are expected to list at 14% premium over the issue price.

Global Surfaces IPO subscribed 3.85 times so far on last day of bidding; GMP signals listing gains
According to analysts, the grey market premium, which indicates the premium commanded by shares in unlisted markets stoo Rs 20. The company has fixed a price band of Rs 133-140. At the upper end, the shares are expected to list at 14% premium over the issue price.