Strong grey market interest puts Corona Remedies IPO in investor spotlight on opening day

Corona Remedies IPO opened on December 8 with a strong grey market premium near 290 rupees, signalling solid demand ahead of its scheduled listing on December 15.

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8 days ago

Strong grey market interest puts Corona Remedies IPO in investor spotlight on opening day

Strong grey market interest puts Corona Remedies IPO in investor spotlight on opening day
Market participation picked up on December 8 as Corona Remedies opened its public issue for subscription, seeking to raise 655.37 crore rupees through a complete offer for sale. The price band has been fixed between 1,008 and 1,062 rupees per share, with a minimum application size of 14 shares. Investor sentiment remained firm as the grey market premium hovered near 290 rupees, implying a potential listing price around 1,352 rupees. 
Companies:
  • Corona Remedies