Chavda Infra GMP Today: Take a look at the current Grey Market Premium (GMP) for the Chavda Infra IPO. The Grey Market Premium for Chavda Infra IPO has recently been updated. Keep an eye out for the most up-to-date IPO GMP figures for this company.
Chavda Infra is an upcoming initial public offering (IPO) of 6,656,000 equity shares of the face value of ₹10 aggregating up to ₹43.26 Crores. The issue is priced at ₹60-65 per share. The minimum order quantity is 2000 Shares.
The IPO opened for subscription on September 12, 2023 and will close on September 14, 2023. The shares will be listed on the NSE SME exchange on September 21, 2023.
Chavda Infra IPO GMP Today
| Date | GMP |
| Today | ₹60 |
| 18 September | ₹60 |
| 17 September | ₹60 |
| 16 September | ₹60 |
| 15 September | ₹60 |
| 14 September | ₹50 |
| 13 September | ₹46 |
| 12 September | ₹40 |
| 11 September | ₹40 |
| 10 September | ₹40 |
| 9 September | ₹40 |
| 8 September | ₹40 |
| 7 September | ₹30 |
Chavda Infra IPO GMP FAQs
The current GMP for Chavda Infra is Rs. 60 i.e. 92% gain on the offer price.
The expected return for Chavda Infra IPO is around 100%
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 Chavda Infra is 25th 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.