Track these 2 SME IPOs commanding over 100% GMP in unlisted market
Two SME IPOs, VL Infraprojects and SA Tech Software India, commanded over 100% premium in the grey market. VL Infraprojects' shares were trading with a premium of Rs 55, while SA Tech Software India had its IPO opening on July 26. Both companies aimed to use net proceeds for funding general corporate purposes and working capital requirements.