Mehul Colours is set for a promising debut on the BSE SME platform, fueled by a 16% grey market premium. The IPO, which was subscribed 7.98 times overall, saw strong interest from QIBs, non-institutional investors, and retail investors. Proceeds from the IPO will fund a new manufacturing facility and working capital, supporting the company’s expansion plans.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets