Anubhav Plast Ltd's initial public offering closes its subscription window today, marking the end of a four-day bidding period that opened on June 19.
The company, which manufactures plastic products, has seen its shares trade at par in the grey market, indicating a lack of immediate speculative premium ahead of listing.
Market observers note that the grey market premium (GMP) has settled at the issue price, suggesting cautious investor sentiment.
This flat valuation in unofficial trading channels often reflects uncertainty about the stock's initial listing performance or a wait-and-see approach by retail participants.
The IPO is part of a broader wave of Indian mid-cap listings seeking capital in the current market environment.
While other recent issues, such as Advit Jewels, have drawn attention with specific price bands, Anubhav Plast's muted grey market activity highlights the selective nature of current IPO demand.