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The world of finance is often abuzz with new opportunities, and one of the most exciting avenues for investors is Initial Public Offerings (IPOs). IPOs provide a unique chance to invest in companies that are about to go public, and they often generate significant interest among investors. One crucial aspect that investors consider when evaluating IPOs is the Grey Market Premium (GMP). In this article, we will take a closer look at the GMP of current and upcoming IPOs in the market.
Understanding Grey Market Premium (GMP)
Grey Market Premium, often referred to as GMP is a term commonly used in the financial world to describe the premium at which shares of an IPO are trading in the unofficial or grey market. This market operates before the official listing of the IPO on stock exchanges. It’s essential to note that GMP is not an official metric but rather an indication of investor sentiment and demand for IPO shares.
Current and upcoming IPOs
Let’s delve into the GMP of some current and upcoming IPOs to gain insights into market sentiment and investor expectations:
1. Manoj Vaibhav Gems ‘N’ Jewellers IPO
- Price: 215
- IPO GMP: 5 (2%)
- GMP %: 2%
2. JSW Infrastructure IPO
- Price: 119
- IPO GMP: 29 (24%)
- GMP %: 24%
3. Updater Services IPO
- Price: 300
- IPO GMP: 0 (0%)
- GMP %: 0%
4. Valiant Laboratories IPO
- Price: 140
- IPO GMP: 15 (11%)
- GMP %: 11%
5. Plaza Wires IPO
- Price: 54
- IPO GMP: 12 (22%)
- GMP %: 22%
Analysis of GMP Data
Manoj Vaibhav Gems ‘N’ Jewellers IPO: This IPO is trading at a premium of 2% in the grey market, indicating moderate investor interest.
JSW Infrastructure IPO: With a substantial GMP of 24%, this IPO seems to be garnering significant attention from investors.
Updater Services IPO: This IPO is currently trading at par, with no premium in the grey market. It suggests that investors are cautious or have limited interest in this offering.
Valiant Laboratories IPO: A GMP of 11% signifies reasonable interest from investors in this IPO.
Plaza Wires IPO: This IPO has a strong GMP of 22%, indicating robust demand in the grey market.
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