Annu Projects has entered the third day of its IPO subscription today. The Rs. 175.06-cr. issue opened on August 25 and will close on August 28. The latest grey-market indication points to a GMP of roughly 4%, suggesting modest potential listing gains.
The company operates in infrastructure-related activities, and investors are assessing its growth prospects, financial performance and valuation alongside the subscription figures.
With one more subscription day remaining after today, the final demand from retail, non-institutional and institutional investors will be important in determining the overall response to the issue.
