Dealers active in the unofficial market for unlisted shares said the stock trades at a premium of Rs 60-63 over its issue price.

At the upper limit of the price band, Anupam Rasayan is asking a PE of 95.2 times trailing 12-month basis, on a restated EPS of Rs 5.80.

According to data provided by UnlistedZone, the grey market premium of MTAR rose to Rs 490, which, if sustains, means the scrip can list up...