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The Economic Times

Business

Ritesh Presswala

Silverstorm Parks & Resorts IPO set for BSE SME debut; Grey market signals mild listing upside

BSE IPO silver Entertainment Kerala

Shares of Silverstorm Parks & Resorts are set to make their market debut on the BSE SME platform on Friday, with grey market trends indicating a cautious yet positive start. The company’s shares are currently trading at a 4% grey market premium (GMP), suggesting expectations of a listing above the issue price, though investors appear to be factoring in only moderate gains on debut.

The IPO, which was entirely a fresh issue of 62 lakh equity shares, raised Rs 82.43 crore from investors. The issue received a decent response, getting subscribed 1.84 times overall during the bidding period.

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