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The Economic Times

Business

Ritesh Presswala

Orient Cables IPO Day 2: GMP signals 33% listing premium; check subscription and key details

Orient Cables IPO GMP BSE NSE

The Orient Cables IPO enters its second day of bidding on September 26, with the issue set to remain open for three days. In the grey market, the IPO is currently commanding a GMP of 33%, indicating expectations of a potential premium over the issue price at listing. However, GMP is an unofficial market indicator and can change before the shares make their debut.

On Day 1, the IPO was subscribed 1.96 times overall against 1.49 crore shares on offer. The Retail Individual Investors (RII) category was subscribed 2.43 times against 74.88 lakh shares reserved for the segment.

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