IPO GMP: After the announcement of the share allotment, happy investors and market watchers are waiting for the announcement of the listing date of the initial public offerings (IPOs) of Vishal Mega Mart Limited, One Mobikwik Systems Limited and Sai Life Sciences Limited. In the wake of the ‘T+3’ listing rule, which has become mandatory from December 1, 2023, a public issue must be listed on the Indian stock exchanges within three working days of the end of the bidding process. From this perspective, the listing date of Vishal Mega Mart IPO, Mobikwik IPO and Sai Life Sciences IPO likely on December 18, 2024 i.e. tomorrow.
At the same time, before the announcement of the share listing date, the gray market also hints at the possible profits that the lucky allottees can get from these IPOs. They said that shares of Vishal Mega Mart Limited are available at a premium of ₹20 on the gray market, One Mobikwik Systems share is listed at a premium of ₹166 and Sai Life Sciences share price is available at a premium of ₹62 on the gray market today.
Mobikwik IPO GMP today
As mentioned Mobikwik IPO GMP (Grey Market Premium) today is ₹166, which means the gray market expects the IPO price of Mobikwik to be around ₹445. Thus, the gray market signals that the Mobikwik IPO allotments can get a listing profit of 59 percent on their investment.
Vishal Mega Mart IPO GMP today
According to stock market observers, Vishal Mega Mart IPO GMP today is ₹20, which means the gray market expects the IPO price of Vishal Mega Mart to be around ₹98. So the gray market suggests that the Vishal Mega Mart IPO allotments can get around 26 percent listing profit on their investment.
Sai Life Sciences IPO GMP today
Market observers said Sai Life Sciences IPO GMP today is ₹62, which means the gray market expects the IPO price to be around ₹611. This means that the gray market is signaling that Sai Life Sciences’ IPO stock allotments could earn around 11 percent return on their investment on the IPO day.
But stock market experts said GMP is not an ideal indicator of the possible listing premium from an initial public offering. They said the gray market is unregulated and has no connection to the balance sheet of the companies that exist in the primary market. They advised investors to stick to the basics, scan the company’s balance sheet and follow the convictions they have developed after scanning these companies’ financials.
Disclaimer: The views and recommendations above are those of individual analysts or brokerage firms, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
