The initial public offering (IPO) for Paras Healthcare continued its subdued demand on the third day of bidding, with the issue receiving 39 percent subscription by 10:55 am on October 23, as per NSE data.
In the grey market, the Paras Healthcare IPO was commanding a grey market premium (GMP) of Rs 9 per share on the morning of October 23, as per Investorgain. Based on the upper end of the IPO price band of Rs 693, the premium indicated a potential listing gain of around 1.3 percent.
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The grey market premium is an unofficial indicator of investor sentiment and is based on transactions outside the regulated stock exchanges. It is not a guarantee of listing performance, and the premium can fluctuate before the shares make their stock market debut.
The Paras Healthcare IPO will remain open for public subscription from October 21 to October 23. The company has fixed the price band at Rs 660–693 per share.