Many times IPOs get subscribed because there is a grey market premium going on. Now why should we allow this grey market premium to influence IPO? If you really want a grey market premium to influence investors, then why not create a when-issued market?
Laxmi Dental raises Rs 314 crore from anchor investors ahead of IPO
OrbiMed-backed Laxmi Dental raised over Rs 314 crore from anchor investors before its IPO for public subscription. The anchor round included domestic mutual funds, insurance