Don’t expect Mazagon to do an IRCTC on debut; grey market premium shrinks

Unlisted shares of Mazagon are fast losing steam in the grey market. As the listing day drew closer, the stock’s trading premium to the issue price shrank. The stock commanded a premium of Rs 90, or over 60 per cent, over the issue price of Rs 145 on Thursday.

from IPOs/FPOs-Markets-Economic Times https://ift.tt/2SFxyW0