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The Initial Public Offering (IPO) market is abuzz with excitement as various companies prepare to go public and offer shares to investors. One of the key indicators to gauge the market’s sentiment toward an IPO is the Grey Market Premium (GMP), which reflects the premium at which shares of an upcoming IPO are trading in the unofficial secondary market. In this article, we will delve into the GMP figures for some current and upcoming IPOs, shedding light on investor sentiment and expectations.
ESAF Small Finance Bank IPO
- Price: ₹60 per share
- IPO GMP: ₹23-38
- GMP %: 38-63%
Ask Automotive IPO
- Price: ₹282 per share
- IPO GMP: ₹41-15
- GMP %: 14-5%
Protean eGov Technologies IPO
- Price: ₹792 per share
- IPO GMP: ₹105-13
- GMP %: 13-2%
Tata Technologies IPO
- Price: To Be Announced (TBA)
- IPO GMP: ₹270
- GMP %: N/A
In summary, the Grey Market Premium provides valuable insights into the market’s perception of upcoming IPOs. A positive GMP suggests that investors are willing to pay a premium for shares in anticipation of future gains. However, it’s essential to note that GMP can be volatile, and it’s not always an accurate predictor of post-listing performance.
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