New Delhi, Dec. 22 -- Shyam Dhani Industries IPO day 1: The initial public offering (IPO) of Shyam Dhani Industries opened for public subscription on Monday, December 22. The SME IPO is witnessing strong buying interest, while the grey market is indicating the stock can list at a solid premium of about 70%. Meanwhile, Shyam Dhani Industries said it had raised Rs.10.92 crore from anchor investors by allocating 15.60 shares at a price of Rs.70 per share ahead of the IPO.

According to grey market sources, the GMP of Shyam Dhani Industries shares was Rs.47 on Monday morning. This indicates the stock could list at a premium of 67% on the NSE SME.

By 12:05 pm on Monday, the SME IPO had seen an overall subscription of nearly 20 times, with the...