Orient Cables shares to list today; GMP signals 45% premium over issue price
A ipo & listings development with market-wide reach.
· ET Stocks, Economic Times Markets
The Rs 552-crore Orient Cables IPO was a book-built issue comprising a fresh issue of 1.18 crore shares worth Rs 320 crore and an offer for sale (OFS) of 85.29 lakh shares worth Rs 232 crore.
The analysis
Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.
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