Business
Eleven Share Sales Open This Week As Market Sees Heavy Action
Reported by Abhishek Tiwari (Copy Editor) · Economic Times - Markets ·
Representative image · Wikimedia CommonsMarket Lineup
Eleven initial public offerings open for subscription this week across mainboard and SME segments. Investor demand in the grey market remains uneven rather than spread evenly across all offerings.
Top Openings
SS Retail leads the pack with a grey market premium of about 32 percent. Hero Motors opens on September 16 with a Rs 1,000 crore mainboard issue at an upper price band of Rs 84, showing a grey market premium of Rs 24 that points to expected returns of about 28.57 percent. Jindal Supreme also opens on September 16 with a Rs 125 crore mainboard offering and a grey market premium of Rs 27.
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