Investors are closely tracking the GMP of CMR Green Technologies after the company's IPO drew overwhelming demand and is now set for one of the strongest debuts this year in an otherwise muted primary market so far this year. The company is commanding a grey market premium (GMP) of about 36% ahead of its stock market debut.
At the current GMP of around Rs 69, the stock is expected to list near Rs 261 per share, compared with its issue price of Rs 192, implying a potential listing gain of nearly 36%. The stock is scheduled to debut on the NSE and BSE on June 10, making it the first mainboard IPO to hit the market in nearly a month.
