Maxwell Engineering Solutions shares are commanding a strong premium in the grey market ahead of their stock market debut on November 6, with the latest grey market premium (GMP) indicating the possibility of strong listing gains for investors.
The shares were trading at a GMP of around 71.52 percent on the morning of November 5, according to InvestorGain. At the upper end of the IPO price band of Rs 158, this translates into an indicative listing price of around Rs 271 per share.
However, the grey market is an unofficial market, and GMP trends are not a reliable indicator of the actual listing price. The final listing performance will depend on market conditions and investor sentiment on the day of debut.
The company's shares are scheduled to list on the NSE Emerge platform on November 6.
The IPO witnessed strong demand across all investor categories, with non-institutional investors (NIIs) leading the subscription tally.