Indogulf Cropsciences’ IPO witnessed significant investor interest, being oversubscribed seven times on its final day, driven primarily by non-institutional investors. The grey market premium suggests a potential 12.6% gain over the IPO’s upper price band. Proceeds from the IPO will support working capital, debt reduction, and a new formulation plant.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets