The initial public offering (IPO) of CSM Technologies opened for subscription on Tuesday, with the grey market signalling modest listing gains. The company's shares were commanding a grey market premium (GMP) of about 4%, indicating a muted but positive debut expectation.
The Rs 145.78 crore IPO will remain open until June 26. It is a book-built issue with a price band of Rs 147-155 per share. The issue comprises a fresh issue and an offer for sale, with the company seeking to raise funds for growth and existing shareholders partially monetising their holdings.
