The grey market premium indicates a potential listing price of ₹570, up 33.18% from the IPO price. Kabra Jewels’ IPO opened for subscription on January 15 and will close on January 17.

Kerala State Beverages Corporation MD H Venkitesh said that the new tax regime for foreign-made liquor has been framed with the idea of demolishing the grey market for imports in the state.

Dealers say Syrma SGS is already commanding a premium of Rs 20 in the grey market — or an unofficial market for unlisted securities. Luxury watch insiders deliberate on the menace of timepieces ...