Impressive debut for Owais metal

Owais Metal and Mineral Processing stock had a remarkable start in the market, making its debut with an impressive 187.3 percent premium over the IPO price on March 4. It opened at Rs 250, significantly higher than the issue price of Rs 87 on the NSE SME platform.Prior to the listing, the shares were trading at a premium of 160 percent in the grey market. The grey market is an informal platform where shares are traded before IPO allotment and until the listing day. Many investors follow the grey market premium to estimate the potential listing price.

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