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IPO grey market activity stalls

Market players say there have been no quotes or activity for the upcoming IPO of Sheela Foam due to shortage of cash

Samie Modak  |  Mumbai 

HDFC begins IPO process of insurance arm

Grey market transactions ahead of an initial public offering (IPO) have come to a halt due to demonetisation. Market players say there have been no quotes or activity for the upcoming of due to shortage of cash. “A lot of investors take cues from the grey market before taking a call on subscribing to an IPO. Such investors could give the a miss,” said a broker. Sheela Form's Rs 550-crore will remain open between Tuesday and Thursday. The price band for the is Rs 680 to Rs 730 per share.  

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IPO grey market activity stalls

Market players say there have been no quotes or activity for the upcoming IPO of Sheela Foam due to shortage of cash

Market players say there have been no quotes or activity for the upcoming IPO of Sheela Foam due to shortage of cash
Grey market transactions ahead of an initial public offering (IPO) have come to a halt due to demonetisation. Market players say there have been no quotes or activity for the upcoming of due to shortage of cash. “A lot of investors take cues from the grey market before taking a call on subscribing to an IPO. Such investors could give the a miss,” said a broker. Sheela Form's Rs 550-crore will remain open between Tuesday and Thursday. The price band for the is Rs 680 to Rs 730 per share.  

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Business Standard
177 22

IPO grey market activity stalls

Market players say there have been no quotes or activity for the upcoming IPO of Sheela Foam due to shortage of cash

Grey market transactions ahead of an initial public offering (IPO) have come to a halt due to demonetisation. Market players say there have been no quotes or activity for the upcoming of due to shortage of cash. “A lot of investors take cues from the grey market before taking a call on subscribing to an IPO. Such investors could give the a miss,” said a broker. Sheela Form's Rs 550-crore will remain open between Tuesday and Thursday. The price band for the is Rs 680 to Rs 730 per share.  

image
Business Standard
177 22

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