Demand soars for unlisted stocks of select IPO hopefuls MUMBAI: PharmEasy, Bikaji Foods and Tata Technologies are among the companies that have a huge demand for their stocks, although they are not listed. Those shares are changing hands or are being offered at a minimum 32% premium over their previous trades, dealers said. IIFL Securities has sold over Rs 100 crore worth of PharmEasy stock to wealthy individuals at Rs 103 a share. "This year's select blockbuster IPOs triggered more interest in unlisted shares where investors are seeking early windfall gains," said Tushar Bopche, cofounder of BrainStation India, a startup incubator involved in the financial markets. "In the past few weeks, there have been some block transactions with institutions selling shares to wealthy individuals at a high premium.” Promoters of companies generally release shares to asset management companies, which in turn sell them down booking profits. Those are now trading in the range of Rs 5,200-5,300 apiece. The Right of First Refusal and non-RoFR are among those.
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