Accord Transformer IPO GMP: What Does Grey Market Signal On Day 2 Of Subscription

The Accord Transformer IPO has set its price band between Rs 43 and Rs 46 per share as it progresses into its subscription phase. On the second day of the IPO's subscription, the grey market premium (GMP) is being closely monitored by investors, indicating market sentiment towards the offering. The GMP serves as a barometer for demand, reflecting how much above the issue price shares are expected to trade once listed. Investors are advised to consider the GMP alongside other financial indicators and market conditions before making decisions. The IPO aims to raise capital to enhance the company's growth and expansion plans. With growing demand for transformers in the renewable energy sector, the company's prospects appear promising, making it a focal point for potential investors. As the subscription period continues, market participants are keenly observing the trends that emerge from the grey market, which can significantly influence investment strategies going forward.