Ahead of the allotment, the grey market premium (GMP) the additional amount over the IPO price in the unregulated over-the-counter market particularly for Tata Technologies continued to trade higher with the website IPO Watch pegging it at Rs 410 per share
Data available from the stock exchanges showed that the portion reserved for retail shareholders was subscribed 5.44 times, for qualified institutional buyers (QIBs) 4.08 times, and 11.69 times for NIIs
The Tata Technologies IPO attracted maximum investor interest, witnessing a subscription of 6.5 times, followed by Gandhar Oil Refinery (5.66 times) and Flair Writing Industries (2.3 times)