IRFC IPO: IRFC grey market premium fizzles out ahead of listing : vimarsana.com

IRFC IPO: IRFC grey market premium fizzles out ahead of listing


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New Delhi: As the bear grip gets stronger on the broader market, the primary market, too, has started feeling the heat.
Amid the selloff in the broader market, shares of Indian Railways Finance Corporation (
IRFC) are losing their sheen in grey market, as the premium they enjoyed in unofficial market for unlisted shares till the other day has since fizzled out.
Grey market premium of IRFC’s unlisted shares has fallen to Rs 0.20-0.25 from Rs 1.5 when the issue had been announced. The premium has been falling constantly. Earlier this week, the stock was commanding a premium of Re 1.

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