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Despite Market Weakness, 3 IPOs Show Strong Investor Confidence with Over 29% Premium.
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CNBC Awaaz•28-09-2026, 17:10
Despite Market Weakness, 3 IPOs Show Strong Investor Confidence with Over 29% Premium.
- •Despite a sharp market decline, Adroit Industries, Moneyview, and Orient Cables IPOs maintain strong investor confidence.
- •These three IPOs are showing Grey Market Premiums (GMP) of over 29% to 43% compared to their upper price bands.
- •Adroit Industries IPO was subscribed 176.85 times, with a GMP of ₹58 (43.28%), estimating a listing price of ₹192.
- •Moneyview IPO was subscribed over 73 times, with a GMP of ₹12.5 (36.76%), estimating a listing price of ₹46.5.
- •Orient Cables IPO is fully subscribed, with a GMP of ₹80 (29%), estimating a listing price of ₹352.
Key Questions Answered
Despite widespread weakness in the stock market, traders remain confident in the IPOs of Adroit Industries, Moneyview, and Orient Cables. According to updates from InvestorGain, their grey market premiums currently range between 29% and 43%.
The IPO of Adroit Industries shows a grey market premium of ₹58 against its upper price band of ₹134, which is approximately 43.28%. Based on this, the estimated listing price for the stock is ₹192.
Moneyview is a digital financial services platform providing access to personal loans, credit cards, home loans, and insurance. Its IPO has a total issue size of ₹1,091.68 crore with a price band set at ₹32-34 per share.
