The grey market premium (GMP) for the issue stood at 36% ahead of the opening, implying an unofficial market price of around Rs 283 against the upper end of the issue band, a premium of roughly Rs 75 per share. A GMP of this magnitude points to strong pre-listing demand and suggests investors are pricing in a healthy listing-day gain, a sharp contrast to the muted grey market activity seen in several other SME issues opening this week.

The grey market premium (GMP) for the issue stood at 36% ahead of the opening, implying an unofficial market price of around Rs 283 against the upper end of the issue band, a…

The BSE SME issue is a book-built fresh issue of 30 lakh equity shares aggregating to Rs 24 crore. The company has fixed the price band at Rs 77-80 per share.