Shares of M K Sons Fine Jewels are set to make their stock market debut on Wednesday, November 4, with the latest grey market premium (GMP) indicating a potential listing gain of around 6 percent for investors.
The shares were commanding a grey market premium of Rs 10 apiece on November 3, as per InvestorGain. At the upper end of the IPO price band of Rs 162, this translates into an estimated listing price of Rs 172 per share.
However, the grey market premium is an unofficial indicator of investor sentiment and does not guarantee the actual listing price. It can fluctuate ahead of the stock market debut.
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The Rs 275.4-crore initial public offering (IPO) of M K Sons Fine Jewels received an overall subscription of 5.09 times during its three-day bidding period, which closed on October 30.