The initial public offering (IPO) for Paras Healthcare opened for subscription today, with the issue receiving 6 percent subscription by 11:30 am on October 21, as per NSE data.
In the grey market, the Paras Healthcare IPO was commanding a grey market premium (GMP) of Rs 52 per share. Based on the upper end of the IPO price band of Rs 693, the premium indicated a potential listing gain of around 7.5 percent, taking the implied listing price to approximately Rs 745 per share.
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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.