Globe Civil Projects’ IPO garnered strong interest on Day 2 so far, with overall subscription reaching 11.08 times, driven by robust demand from NIIs and retail investors. The IPO’s grey market premium (GMP) suggests a potential 17% listing gain, while analysts have advised a ‘subscribe for long term’ stance, citing a fully priced issue.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets