Crizac Limited’s Rs 860-crore IPO was subscribed 16% by midday on the first day of bidding, led by retail investors. While NIIs showed moderate interest, QIBs were yet to bid. The IPO is seeing strong sentiment in the grey market, with a GMP of Rs 22–25, suggesting potential listing gains of around 9% over the upper price band.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets