The Moneyview IPO ended its three-day bidding process with a stellar investor response, getting subscribed nearly 100 times. Investors placed bids for 2,290 crore shares against 23.25 crore shares on offer.
The IPO’s grey-market premium (GMP) climbed to 38%, up from around 32% earlier, over the upper price band of Rs 34. If the current GMP holds, the estimated listing price is Rs 46.75, indicating a potential listing gain.