MPK Steels IPO set for listing on Monday. Check GMP ahead of debut
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MPK Steels (India) is set to make its market debut on the BSE SME platform on October 6, following a tepid investor response to its Rs 25.74 crore IPO. The book-built issue, which opened for subscription on September 26 and closed on September 30, was subscribed 1.54 times overall, with institutional investors driving most of the demand. The grey market premium (GMP) for the IPO currently stands at Rs 0, indicating muted listing expectations and suggesting that the stock may open near its issue price of Rs 79 per share. Subscription details The IPO drew limited interest from retail and HNI investors, though qualified institutional buyers (QIBs) subscribed their portion 19.95 times, reflecting selective optimism from large investors. The NII category was subscribed 0.65 times, and the retail portion just 0.58 times, highlighting subdued retail participation.The company offered 32.58 lakh shares, including 1.63 lakh shares reserved for the ...