Strong Day 2 For Vikran Engineering IPO With 4x Subscription; GMP Dips To 9%

On the second day of its subscription, Vikran Engineering’s unlisted shares were trading at a healthy premium in the grey market. Sources tracking unofficial trades reported that the shares were priced around Rs 107 each, which is Rs 9 (or 9.3 per cent) above the IPO’s upper price band of Rs 92–97.
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