Indobell Insulation shares to debut today. Here's what GMP indicates
Indobell Insulation will debut on the exchanges on Monday. Ahead of the listing, the company's shares were trading with a GMP of Rs 39 in the grey market.
Considering the upper price band of Rs 46, the stock is expected to list at a premium of 85% over the issue price.
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.
Indobell Insulations stands as a manufacturer and contractor of insulation products like nodulated wool (mineral and ceramic fibre nodules) and prefabricated thermal insulation jackets which are used to insulate for a variety of applications, including commercial buildings, and industrial plants.
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