image: NDTV Profit Show Quick Read Summary is AI Generated. Newsroom Reviewed

The grey market premiums (GMPs) of two ongoing initial public offerings (IPOs), Tenneco Clean Air India Ltd. and Fujiyama Power Systems Ltd., are being watched by investors this week.

The Tenneco Clean Air IPO opened for bidding on November 12, followed by Fujiyama Power Systems today (November 13).

The Tenneco Clean Air India IPO was fully subscribed as of 12:04 p.m. on Thursday, whereas the mainboard offer of Fujiyama Power Systems was subscribed 0.07 times on Thursday, so far.

As the subscription progresses, grey market trends provide an early indication of investor sentiment and expected listing performance for active mainboard issues.

Here’s what the latest GMP figures suggest for these IPOs.

ALSO

See Full Page