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The Economic Times

Business

Ritesh Presswala

Orient Cables IPO Day 3: GMP at 27%; subscription crosses 8 times. key details inside

Orient Cables IPO GMP

The Orient Cables IPO entered its third and final day of bidding on Tuesday, with the issue witnessing strong demand so far. In the grey market, the IPO is currently commanding a GMP of 27%, indicating that the shares are being traded at a premium to the issue price in the unofficial market.

On Day 2, the IPO was subscribed 8.32 times overall, with bids received against 1.49 crore shares on offer. The Retail Individual Investors (RIIs) category was subscribed 9.16 times, against 74.88 lakh shares reserved for the segment.

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