Kanohar Electricals IPO Day 2: GMP signals 35% premium, subscription nears 3x. Should you bid?

Kanohar Electricals IPO entered its second day of bidding after receiving a strong response on Day 1. The issue was subscribed 2.70 times, while the retail portion was subscribed 3.30 times. A GMP of around 35% has further lifted investor interest ahead of the company’s listing.