Premia of these listing candidates in the unofficial market were hammered badly after sentiment in the second rung stocks took a hit, subscription levels of recent IPOs turned poor and Rolex Rings and Glenmark Life delivered lesser listing gains than expected.
Kaushlendra Singh Sengar, Founder & CEO, INVEST19 expects Rolex Rings to list at around 50 per cent premium on Monday, considering the "inexpensive valuation" demanded by the company in the IPO.
ipos: Crowding of IPOs cuts grey market premia; listing candidates lose most indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Glenmark Life Sciences initial public offering (IPO): How To Check The Allotment Status? ndtv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ndtv.com Daily Mail and Mail on Sunday newspapers.