Laurus Labs Debuts at 14% Premium

After Sheela Foam, Laurus Labs also listed on premium. It listed at Rs.490 on stock exchanges against issue price of Rs.428. It was another good one for retailers.

Laurus Labs was subscribed 4.53 times overall while 1.58 times in retail. Retailers had faith in this stock and it paid off. Laurus listing was good even it closed around 480 rs as well. So the main thing for IPO market is that last 2 IPOs perform well.

The money of investors get good paid off and it might give more chance for next IPOs like Prataap Snacks and CL Educate in getting more subscription. The things are looking good for primary market after 15% listing of Sheela Foam and Laurus Labs.

Still Indian stock market is not in a mood to go green but as the current market situation we can no expect more fireworks but the good things are on the cards. Let’s look at the upcoming year 2017 and upcoming ipos. Subscribe and stay invested in IPOs in upcoming year.

Jagat Joshi

Founder of IPOWatch, brings nearly 15 years of experience in IPO analysis and market research. He provides complete coverage of upcoming IPOs, subscription trends, grey market premiums (GMP), and post-listing performance, along with easy-to-understand reviews, insights, and analysis. In his working journey, he has worked with various platforms and received expertise in stock market analysis and primary markets.

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Disclaimer: This content is provided strictly for educational and informational purposes. The securities or investments mentioned are not to be considered as investment advice or recommendations. The Investors are advised to do their own research or connect with a financial advisor before making any investment decisions.