Orkla India’s Rs 1,667 crore IPO saw strong investor interest, subscribed 2.70 times by Day 2. Retail and Non-Institutional Investors showed robust participation, while QIBs were at 6%. The stock is trading at a 9.5% grey market premium, indicating a potential listing price of Rs 800.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets