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The Economic Times

Business

Ritesh Presswala

Hy-Tech Engineers IPO Day 4: GMP signals 83% premium, subscription hits 50.86x

IPO GMP HyTech Engineers

Hy-Tech Engineers IPO continued to witness strong demand on the final day and ended up getting oversubscribed by a whopping 244.41 times against the total offer size of 1.81 crore shares, showed NSE data.

The grey market premium (GMP) currently points to a potential 83% premium over the issue price, indicating bullish sentiment ahead of the company’s stock market debut.

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