NEW DELHI: The domestic equity market has turned volatile as Dalal Street waits for half-a-dozen primary market offerings to hit the market this week.
IPO watchers say the Rakesh Jhunjhunwala-backed Nazara Technologies is likely to be the showstopper of the season, and that is exactly what the grey market is signaling at this point.
The premia on the unlisted shares trading in the grey market have plunged significantly for the other IPOs – Anupam Rasayan, Kalyan Jewellers, Laxmi Organics, Craftsman Automations and Suryoday Small Finance Bank.
But shares of the mobile gaming firm have been surging in the unofficial market, with the premium over the IPO price soaring as much as Rs 840-850 per share.