Shares of Modern Diagnostic and Research Centre are set to make their stock market debut today, January 7, on the BSE SME platform. As per media reports, the grey market premium (GMP) stands at around 15 percent, pointing to a likely listing price in the range of Rs 103 to Rs 105 against the IPO issue price of Rs 90 per share. The GMP trend suggests a steady opening rather than an aggressive listing pop.IPO Details and Grey Market Trend
The IPO, which closed for subscription on January 2, consisted entirely of a fresh issue of 40.99 lakh equity shares. Through the issue, the company raised Rs 36.9 crore, translating into a pre issue market capitalisation of about Rs 136 crore. Ahead of the public issue, Modern Diagnostic also raised...