The IPO market continues to stay busy with a mix of mainboard and SME issues drawing investor attention ahead of their listings. Grey Market Premiums (GMPs) offer a quick snapshot of sentiment, though they are unofficial and not always an indicator of listing-day performance. Here are five upcoming IPOs and the GMP trend around them.
Hy-Tech Engineers IPO Day 3: GMP at 57%, subscription reaches 19.33x. Should you subscribe?
The Hy-Tech Engineers IPO entered its third day of bidding on August 26, with the issue subscribed 19.33 times by the end of Day 2.