Canarys Automations IPO GMP Today: Take a look at the current Grey Market Premium (GMP) for the Canarys Automations IPO. The Grey Market Premium for Canarys Automations IPO has recently been updated. Keep an eye out for the most up-to-date IPO GMP figures for this company.
Canarys Automation IPO Details: The scheduled date for Canarys Automation IPO has been confirmed. The IPO is set to enter the market on September 27th and conclude on October 3rd. The company aims to gather approximately ₹47.03 crores through this IPO. This sum includes a fresh issue of ₹47.03 crores via 15172000 shares, each valued at ₹10. The retail quota is 35%, while QIB is 50% and HNI is 15%.
Canarys Automations IPO GMP Today
| Date | GMP |
| Today | ₹6 |
| 27 September | ₹6 |
Canarys Automations IPO GMP FAQs
The GMP for Canarys Automations IPO GMP is Rs. 6.
The expected return of the Canarys Automations IPO is around 19%.
It depends on your financial goal and time horizon. Also look at your risk appetite while investing in to any IPO.
The listing date for Canarys Automations IPO is 11th October 2023.
Grey market premium (GMP) is the premium at which unlisted shares of an upcoming IPO are traded in the grey market. The grey market is an unofficial over-the-counter market where shares are traded before they are listed on a stock exchange.
The GMP is determined by the demand and supply of the shares in the grey market. If there is a lot of demand for the shares, the GMP will be high. Conversely, if there is not much demand for the shares, the GMP will be low.
The GMP is a good indicator of the investor sentiment towards an upcoming IPO. If the GMP is high, it means that investors are bullish on the IPO and expect the shares to list at a premium. Conversely, if the GMP is low, it means that investors are not bullish on the IPO and expect the shares to list at a discount.
However, it is important to note that the GMP is not a reliable indicator of the IPO performance. There have been many instances where IPOs have listed at a discount to the GMP, and vice versa.
Here are some of the factors that can affect the GMP of an IPO:
The company’s financial performance
The company’s industry and sector
The overall market sentiment
The size of the IPO
The quality of the IPO underwriters
Investors should use the GMP as a guide, but they should also do their own research before investing in any IPO.
Here are some additional points to keep in mind:
The grey market is an unregulated market and there is no guarantee of fair trading.
There is a risk of fraud and manipulation in the grey market.
Investors should avoid trading in the grey market if they are not familiar with the risks involved.