The unlisted shares of Hamps Bio were trading at Rs 106, reflecting a grey market premium (GMP) of Rs 55, or 107.
However, it is worth noting that GMP trends in unregulated grey markets may not accurately predict listing performance.
The company, in its Red Herring Prospectus, stated that it intends to use the proceeds from the IPO for purchasing plant and machinery for its FMCG division and enhancing the visibility and awareness of its brand.
The story "Hamps Bio IPO allotment today: Check status, GMP, and listing schedule" has 424 words across 17 sentences, which will take approximately 2 - 4 minutes for the average person to read.
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