Gopal Sancks IPO opened its subscription to retail investors on March 06. The company has set the price band in the Rs 381-401 range at a face value of Rs 10 per share. The company will be raising Rs 650 crore. The issue will close on March 11.

The company was fetching a premium of 16.21% in the grey market ahead of allotment and listing. A grey market is an unofficial market where shares exchange hands in an illegal way. 

The allotment of the shares is expected to be on March 12 and the refund to be initiated from March 13. The tentative listing date is March 14. 

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