TMB’s grey market premium fizzles out; will a dent in Harsha Engineering follow?

TMB’s grey market premium fizzles out; will a dent in Harsha Engineering follow?

Even as the secondary market is gaining momentum, the primary market has lost some ground recently, if one goes by the signals from the grey market. Listing-bound Tamilnad Mercantile Bank (TBM) is commanding a mild premium of Rs 5-10 per share in the grey market over its issue price of Rs 525 as against Rs … Read more

Harsha Engineers trades at 60% premium in grey market ahead of IPO

Harsha Engineers trades at 60% premium in grey market ahead of IPO

Harsha Engineers International, whose IPO will run between September 14-16, is commanding an astounding premium in the grey market. The shares of Harsha Engineers are trading at a premium of Rs 190-200 per share or about 60 per cent in the unofficial market over the IPO price band of Rs 314-330, which the company announced … Read more