Anya Polytech & Fertilizers shares to list today. GMP hints at solid returns
Ahead of the listing, the company's shares were trading with a GMP of Rs 6 in the grey market, reflecting a bullish trend in the unlisted market.
With the upper price band of Rs 14 for the IPO (initial public offering) of Anya Polytech & Fertilizers, the stock is expected to give solid gains if the current trends sustain. Considering Anya Polytech & Fertilizers’ latest GMP, the estimated listing price of the company’s shares would be Rs 20 apiece, which reflects a premium of nearly 43% to the IPO price of Rs 14 per share.
However, it is important to note that grey market premiums are just an indicator as to how the company's shares are stacked up in the unlisted market and are subject to change rapidly.
Anya Polytech & Fertilizers IPO opened for subscription on December 26 and the issue closed on December 30. The IPO allotment was finalised on December 31.
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