Vijaypd Ceutical IPO: Modest response and flat GMP ahead of listing

Vijaypd Ceutical's NSE SME debut on October 7 sees muted investor expectations with a near-zero grey market premium, suggesting a listing close to its Rs 35 issue price. The Rs 19.25 crore IPO saw moderate subscription, primarily driven by non-institutional investors, indicating cautious sentiment amid a surge of SME listings.