Amir Chand IPO GMP Jumps to 3% Ahead of Day 3 Subscription

• Amir Chand Jagdish Kumar (Exports) Ltd IPO's Grey Market Premium (GMP) reached over 3% before its third day of subscription.
• Shares are quoted at a premium of around Rs 6.5, indicating a potential listing gain of about 3.07% to 3.3%.
• The Rs 440-crore IPO was subscribed 1.47 times on the second day, with bids for 2.77 crore shares against 1.89 crore shares on offer.
• Non-institutional investors subscribed 5.24 times, QIBs 78%, and retail investors 56%.
• The IPO closes on March 27, with a price band of Rs 201-212 per share; proceeds will fund working capital and general corporate purposes.