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Grey Market Pulse: IPO GMP Trends for Smart Investment

Estimated reading time: 2 minutes

The Initial Public Offering (IPO) market is buzzing with excitement as investors look for opportunities to invest in promising companies. A crucial metric that investors often consider is the Grey Market Premium (GMP), which reflects the demand and expectations surrounding an IPO. In this article, we will explore the current and upcoming IPOs and their associated GMP figures to help you make informed investment decisions.

Honasa Consumer IPO

Price: 324 | IPO GMP: 32 (-10%)Honasa Consumer, the company behind the popular Mamaearth brand, has generated substantial interest in the market. With an IPO price of 324 and a GMP of 32, it indicates a GMP percentage of -10%. This suggests that there may be some skepticism in the market regarding this offering.

ESAF Small Finance Bank IPO

Price: 60 | IPO GMP: 21 (-35%)ESAF Small Finance Bank, a financial institution with a focus on serving underbanked areas, has set its IPO price at 60. The GMP of 21 results in a GMP percentage of -35%, indicating a potential bearish sentiment in the grey market.

Ask Automotive IPO

Price: 282 | IPO GMP: 42 (-15%)Ask Automotive, a key player in the automotive industry, has an IPO price of 282. The GMP stands at 42, translating to a GMP percentage of -15%. This suggests a moderate level of interest in the grey market.

Protean eGov Technologies IPO

Price: 792 | IPO GMP: 118 (-15%)Protean eGov Technologies, a technology company focused on e-governance solutions, has set its IPO price at 792. The GMP of 118 results in a GMP percentage of -15%, indicating some caution among grey market participants.

Tata Technologies IPO

Price: To Be Announced (TBA) | IPO GMP: 270Tata Technologies, a subsidiary of Tata Motors, is set to make its debut in the IPO market. While the IPO price is yet to be announced, the GMP is a substantial 270. This significant positive GMP indicates strong interest and high expectations surrounding the IPO.

Investors should exercise caution and conduct thorough research before investing in any IPO. GMP figures provide insights into market sentiment, but they do not guarantee the performance of the IPO once it is listed on the stock exchange. It’s important to consider various factors, including the company’s fundamentals, industry trends, and investment goals, when making investment decisions.

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