IREDA, Tata Tech, Flair, Fedbank, Gandhar IPO To List This Week. What Does GMP Signal?

Investors anticipate substantial gains from recent IPOs hitting Dalal Street, judging by grey market premiums (GMP). Tata Technologies, with an 80% GMP at Rs 400-410, led with a 69 times subscription. Meanwhile, Indian Renewable Energy Development Agenc (IREDA) and Gandhar Oil Refineries command GMPs of around 30% and 45%, respectively. However, Fedbank Financial Services, despite a 2.2 times subscription, shows muted investor interest.