Mehul Colours shares list with decent 18% premium at ₹85, slightly above expectations, on the BSE SME

Mehul Colours shares listed with a decent 18% premium at ₹85 on the BSE SME on Wednesday. The listing of Mehul Colours shares was slightly above expectations, on the BSE SME

The Mehul Colours shares that saw listing at ₹85 with a decent 18% premium on Wednesday, over the upper band of the IPO price of ₹72

The Mehul Colours shares post listing gained further to highs of ₹89.25 on Wednesday

Mehul Colours's share listing was slightly ahead of expectations as represented by investorgain.com data on the Grey Market Premium, or the GMP

Mehul Colours IPO GMP, or Grey Market Premium, stood at +11 . This means that the shares of Mehul Colours are trading with an ₹11 premium over the upper band of the issue price of ₹72 in the grey market. This also meant that investors were expecting a listing of Mehul Colours shares at a 15.28% premium and close to the upper band of the issue price and at ₹83. Clearly the actual listing of Mehul Colours's share was slightly above the investor expectations as indicated by the GMP, or the Grey market premium

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