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The Economic Times
The Economic Times
Business
Ritesh Presswala

HD Fire Protect IPO Day 2: GMP signals 34% listing gain; key details inside

IPO National Stock Exchange

The initial public offering (IPO) of HD Fire Protect entered its second day of subscription on Thursday, October 15, amid strong investor interest. The issue's grey market premium (GMP) currently stands at 34%, indicating the possibility of substantial listing gains over the issue price. However, GMP is an unofficial indicator and does not guarantee listing performance.

On Day 1, the IPO was subscribed 4.62 times overall against 1.84 crore shares on offer, while the retail investor portion was subscribed 3.78 times.

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