India Pesticides Limited IPO GMP (grey market premium) today has dipped around 50 per cent from its yesterday premium
India Pesticides Limited IPO (Initial Public Offering) opened for subscription on 23rd June 2021and it got subscribed 3.79 times on second day of bidding. The public issue is open for subscription till 25th i.e. today only. As the subscription of the issue is going upward, India Pesticides Limited IPO GMP (grey market premium) today also went up and touched ₹50 after dipping almost 50 per cent on first day of subscription. India Pesticides Limited IPO GMP today is ₹50, which is ₹12 up from its previous day's grey market premium. According to market observers, this dip in the share price premium in grey market should not be taken seriously as the fundamentals of the company is important instead of this unofficial grey market.