After Paytm, investors chase Lava International stocks in grey market
Earlier this year, the company had done rights issue at ₹]533 a share. That’s why there’s a lot of investor interest in the stock
NEW DELHI: As Lava International prepares for an initial public offering (IPO), investors have started chasing its stock in the grey market. The stock has risen 10-20%. In the second half of May, it was trading at Rs325. Depending on the broker, an investor can get it between Rs350 and Rs400 apiece.