Is IPO euphoria fading? GMPs of recent issues slide ahead of listing

As per grey market watchers, the premium for Anupam Rasayan, whose shares are set to debut on the bourses tomorrow, has slipped by over 75 per cent

A correction in the secondary market along with a disappointing performance by the recently listed initial public issues (IPOs) has dented the grey market premiums for the shares of companies that are up for listing over the next few days.

In the past few weeks, the benchmark indices have corrected somewhat amid concerns over rising Covid cases and a spike in bond yields which has dampened the risk appetite for investors, according to analysts.

As per grey market watchers, the premium for Anupam Rasayan, whose shares are set to debut on the bourses tomorrow, has slipped by over 75 per