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The Economic Times
The Economic Times
Veer Sharma

Molbio Diagnostics IPO Day 3: GMP hints at 17% listing gain, issue booked nearly 5x. Should you participate?

Molbio Diagnostics GMP Molbio IPO OFS

Molbio Diagnostics IPO was subscribed over 70 times by the end of the 3-day bidding period on Wednesday for its Rs 939 crore issue. The over-subscription was led by Qualified Institutional Buyers, who bid over 180 times their allotted portion.

The point-of-care molecular diagnostics company is also commanding a 17.10% grey market premium (GMP), up from 15% earlier, indicating expectations of a potentially strong listing.

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