Shringar House of Mangalsutra IPO Day 3: Issue booked over 8 times so far; GMP at 17%. Should you apply?

Shringar House of Mangalsutra’s Rs 401 crore IPO is oversubscribed 8.24 times after Day 2 and enters its final bidding day, with strong demand from retail and non-institutional investors. The shares are trading at a grey market premium of around 17%, suggesting a potential listing near Rs 193.