The gray market premium of this IPO is appalling, will there be a loss on listing? ₹ 62 price bands

Avi Ansh Textiles IPO: The IPO of Avi Ansh Textiles Limited opened for investment on September 20. The IPO of Avi Ansh Textiles is an SME IPO and will be open till September 24. The equity shares of the company will be listed on the NSE SME platform.