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The Economic Times

Business

Ritesh Presswala

MV Electrosystems IPO Day 3: GMP jumps, indicating 27% listing gains; issue subscribed 12.03 times; apply or skip?

MV Electrosystems IPO GMP

The MV Electrosystems IPO entered its final day of bidding, with subscription momentum remaining robust and the grey market premium (GMP) staying healthy. The IPO's GMP is around Rs 115 per share, indicating an estimated 27% listing premium over the upper issue price of Rs 425.

As of Day 2, the IPO was subscribed 12.03 times against the 39.87 lakh shares on offer. The retail investor portion was subscribed 39.76 times against the 7.24 lakh shares reserved for retail bidders.

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