Cellecor Gadgets GMP Today: Take a look at the current Grey Market Premium (GMP) for the Cellecor Gadgets Limited IPO. The Grey Market Premium for Cellecor IPO has recently been updated. Keep an eye out for the most up-to-date IPO GMP figures for this company.
Cellecor Gadgets IPO is a an initial public offering (IPO) of 5,518,800 equity shares of the face value of ₹10 aggregating up to ₹50.77 crores. The issue is priced at ₹87 to ₹92 per share. The minimum order quantity is 1200 shares.
The IPO opened for subscription on 15 September 2023 and will close on 20 September 2023. The shares will be listed on the NSE SME exchange on 28 September 2023.
Cellecor Gadgets IPO GMP Today
Cellecor Gadgets IPO GMP FAQs
The GMP for Cellecor Gadgets is Rs. 50.
The expected return of the Cellecor Gadgets is around 55%.
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 Cellecor IPO is 28th September 2023.
Grey Market Premium (GMP) is the premium amount at which grey market IPO shares are traded before they get listed on the stock exchange. In simple words, the stock of the company that came up with the IPO is bought and sold outside the stock market.
The GMP reflects how the IPO might react on its listing day. For instance, if the company introduces an IPO of Rs. 100 and the grey market premium is around Rs. 20 then we can assume the IPO to list around 120 rupees on the listing day. There is no guarantee but in most cases, the GMP works properly and IPO lists around the given GMP.
The grey market is an unofficial market where shares are traded before they are listed on the stock exchange. The grey market is not regulated by any authority and there is no guarantee that the shares will be listed at the GMP.
The GMP is determined by the demand and supply of the shares in the grey market. If there is more demand for the shares than supply, the GMP will be higher. If there is more supply than demand, the GMP will be lower.
The GMP can be a good indicator of the sentiment towards an IPO. If the GMP is high, it indicates that investors are optimistic about the IPO and expect it to list at a premium. If the GMP is low, it indicates that investors are not as optimistic about the IPO and expect it to list at a discount.
However, it is important to note that the GMP is not always accurate and the IPO may not list at the GMP. Investors should always do their own research before investing in an IPO.
Here are some of the factors that can affect the grey market premium:
The demand and supply of the shares in the grey market.
The performance of the stock market in general.
The sentiment towards the IPO company.
The issue price of the IPO.
The lock-in period for the shares.
Investors should carefully consider these factors before investing in an IPO based on the grey market premium.