Modestgrey market premium for IPOs

Shares of hospital chain operator Shalby and logistics firm Future Supply Chain Solutions are changing hands at a modest premium between 10 per cent and 15 per cent in the grey market. The two initial public offerings (IPOs), probably the last for calendar 2017, open next week. “The grey market premium of Shalby and Future Supply Chain has come off due to the fall in the secondary market. The prices in the unofficial market are highly volatile. Hence, those who take cues from the grey market before applying need to be careful,” said a broker.