The initial public offering of technical textile machinery and equipment manufacturer Lohia Corp entered its third and final day of bidding on Monday. Despite steady investor interest, the grey market premium (GMP) remained muted at around 2%, indicating a largely flat listing.
In the unofficial grey market, Lohia Corp shares traded at a premium of Rs 7 over the upper price band of Rs 425, implying an estimated listing price of around Rs 432. However, investors should note that the grey market is unofficial, and the actual listing performance may differ significantly from GMP trends.