Investors had anticipated a favorable listing of the Brace Port Logistics share price, as evidenced by the subscription status and the gray market premium.
Brace Port Logistics' IPO had a great reaction, with 657.81 subscriptions. On August 21, 2024 (Day 3), the public issue was subscribed 588.74 times in the retail category, 450.04 times in the QIB category, and 854.49 times in the NII category.
According to investorgain.com, the Brace Port Logistics IPO GMP, or gray market premium, was ₹116. This means that shares were selling at a 145% premium above the top end of the issue price of ₹80 on the grey market.
This indicated that investors had been expecting the share price of Brace Port Logistics to list at ₹196. The readiness of investors to part with more money than the issue price is indicated by a "gray market premium".
The subscription period for Brace Port Logistics' initial public offering (IPO) began on August 19, 2024, and it ended on August 21, 2024. The Brace Port Logistics Initial Public Offering allocation was finished on Thursday, August 22, 2024.
