Thy­ro­care at 50% Pre­mium in Grey Mar­ket

The Economic Times - - Money -

Di­ag­nos­tics com­pany Thy­ro­care Tech­nolo­gies is said to be com­mand­ing a pre­mium of ₹ 220-225 or around 50% over the higher end of its IPO price band of ₹ 420 to ₹ 446 ru­pees a share in the grey mar­ket. The pre­mium has moved up from about ₹ 190 a week ago, and the high in­ter­est is on hope that the com­pany too will see a strong de­but like its peer Dr Lal PathLabs had seen when it got listed in De­cem­ber, bro­kers said. Thy­ro­care’s IPO will hit the cap­i­tal mar­ket on April 27 and will close on April 29. The is­sue com­prises of­fer for sale of 1.07 crore shares by ex­ist­ing share­hold­ers and pro­mot­ers.

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