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The Economic Times
The Economic Times
Business
Akash Podishetti

Bio Medica Laboratories shares to debut today. Here's what GMP suggests ahead of listing

IPO NSE

Shares of Bio Medica Laboratories are set to debut on the NSE SME platform on Friday amid weak grey market sentiment, with the IPO currently commanding a negative premium in the unofficial market. The company’s shares were trading at a discount in the grey market ahead of listing, indicating the possibility of a subdued market debut.

The Rs 52 crore IPO had opened for subscription between May 21 and May 25, while the allotment was finalised on May 26. The issue was a combination of a fresh issue of 33.95 lakh shares worth around Rs 47.19 crore and an offer for sale of 3.77 lakh shares aggregating to Rs 5.24 crore.

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