New Delhi, Oct. 1 -- Construction machinery exporter Jinkushal Industries, whose IPO garnered healthy investor interest with a subscription crossing over 60 times, is set to debut on the bourses on Friday, October 03.

According to market sources, the company's shares are commanding a grey market premium (GMP) of Rs.21 ahead of listing. Based on the upper band issue price of Rs.121 and the current GMP, the estimated listing price comes at Rs.142 per share, about 17.32% higher than the issue price.

The grey market premium reflects the expected difference between an IPO's issue price and its anticipated listing price in the unofficial market. However, analysts caution that GMP is only an early indicator and should not be the sole factor in...