The initial public offering (IPO) of EAAA India Alternatives opened for subscription on October 26, with the issue receiving 5% subscription by 12:30 pm on the first day of bidding, according to data from the National Stock Exchange (NSE).
The Rs 1,200-crore IPO received bids for 2,50,740 shares against 52,99,684 shares on offer.
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In the grey market, the EAAA India Alternatives IPO was commanding a grey market premium (GMP) of 2.19% on the morning of October 26, according to InvestorGain.
The grey market premium is an unofficial indicator of investor sentiment towards a public issue before its listing. However, it does not guarantee listing gains, and the premium can fluctuate depending on market conditions and investor demand.