Premiums of MTAR Tech, Heranba, Easy Trip rise further in grey market

NEW DELHI: The grey market premium (GMP) of MTAR Technologies, whose IPO got fully subscribed on Wednesday itself, saw a rise, thanks to strong secondary market trend.
Heranba Industries, whose share allotment was finalised on Tuesday, is also commanding a strong premium in the grey market. Analysts who track grey market trends said that Easy Trip, which announced its Rs 510 crore IPO today, is also picking up the momentum in the grey market. This IPO would hit the primary market on March 8.

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