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The Economic Times

Business

Ritesh Presswala

Hy-Tech Engineers IPO Day 3: GMP at 57%, Issue subscribed 51 times

GMP IPO HyTech Engineers Anand Rathi Research

The Hy-Tech Engineers IPO has entered its third day of bidding, with investor interest remaining robust. The grey market premium (GMP) is currently signalling a potential 57% premium over the issue price, reflecting strong bullish sentiment ahead of the company’s stock market debut.

By the end of Day 3, the issue was subscribed 51 times. NIIs emerged as the biggest participants, with their portion subscribed 82 times against 39 lakh shares on offer.

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