Which means Azad Engineering shares are trading higher by ₹305 apiece in the grey market than their IPO price.
Considering the GMP today and the issue price, Azad Engineering shares estimated listing price is ₹829 per share
Azad Engineering IPO Listing Price GMP Today ₹305 + IPO Price ₹524 = ₹829 Per share
Which means 58.21% premium to the IPO price of ₹524 per share. (Profit on 1st day)