Vishal Mega Mart IPO Day 3: GMP falls to ₹16 as institutional portion remains underbooked

The latest grey market premium (GMP) for the Vishal Mega Mart IPO was ₹16 as of 11:40 AM on Friday. According to reports, the company’s shares are expected to debut on the stock market at ₹94 per share, reflecting a 20.5% premium over the upper issue price.

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