The Mangal Electrical IPO is showing a Grey Market Premium (GMP) of ₹32 over its upper price band of ₹561, indicating a likely listing price of around ₹593. This translates to an estimated 5.7% upside on the issue price. The GMP signals moderate investor interest, though it is only an unofficial gauge and not a reliable predictor of the final listing outcome.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets