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Investors are keeping a close watch on the grey market premiums (GMPs) of two initial public offerings (IPOs) this week: Excelsoft Technologies Ltd. and Sudeep Pharma Ltd. The subscription window for Excelsoft Technologies IPO closes today, while bidding for Sudeep Pharma Ltd. began today. Grey market trends offer an early glimpse of investor sentiment and hint at likely performance when the shares list.

Excelsoft Technologies IPO GMP

According to InvestorGain, the last grey market premium (GMP) for the Excelsoft Technologies IPO stood at Rs 10 as of 11:30 a.m. on November 21. With the upper end of the IPO’s price band of Rs 120, the estimated listing price stands at Rs 130 (cap price plus today’s GMP), i

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