IPO● Neutral for Indian equities
Orient Cables shares to list today; GMP signals 45% premium over issue price
The brief
- The ₹552-crore IPO comprised a ₹320-crore fresh issue and an offer for sale of 85.29 lakh shares
- Grey-market premium signals a 45% premium over the issue price ahead of listing
- Orient Cables IPO investors face the first trading session and its price discovery
- IPO GMP On Listing Day: Acevector vs Orient Cables vs German Green vs Runwal Enterprises
- Orient Cables leads demand among four IPOs scheduled to list October 5
- Orient Cables, German Green, AceVector and Runwal IPOs close today
- Orient Cables IPO draws differing Day 2 subscription figures; grey-market premium at 33%