Grey market is also known as the 'parallel market' where financial securities are traded and investors trade for shares or IPO applications before they are listed in the secondary market.
The Rs 412.62-crore IPO of the manufacturer of kitchen appliances received bids for 58,38,776 shares against 58,94,642 shares on offer, translating into 99 per cent subscription, according to the data available with NSE.
Stove Kraft Ltd, manufacturer of kitchen appliances, on Thursday said it has fixed a price band of Rs 384-385 a share for its initial public offer, which will open for subscription on January 25.
Demonetisation has severely hit the under-the-counter lending business with interest rates dropping to 5 per cent from as high as 30 per cent in the grey market. The real estate business, which is also used
Imphal, Oct 1 : Even as the Kukis and Nagas are carrying on with their respective economic blockades over creation of a district in Manipur, the prices of essential commodities have shot through the roof.
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