Committed Cargo IPO GMP Today: Take a look at the current Grey Market Premium (GMP) for the Committed Cargo IPO. The Grey Market Premium for Committed IPO has recently been updated. Keep an eye out for the most up-to-date IPO GMP figures for this company.
Committed Cargo IPO Details: The scheduled date for Committed Cargo IPO has been confirmed. The IPO is set to enter the market on October 6th and conclude on October 10th. The company aims to gather approximately ₹24.98 crores via 3244000 shares through this IPO, each valued at ₹10. The retail quota is 50% and HNI is 50%.
Committed Cargo IPO GMP Today
Committed Cargo IPO GMP FAQs
The grey market premium (GMP) is the difference between the price at which IPO shares trade in the unofficial grey market before they are listed on the stock exchange and the issue price set by the company. The grey market is an unofficial market where IPO shares are traded before they are listed on the stock exchange. There are no regulations governing the grey market, and it is important to note that there is no guarantee that the price at which IPO shares trade in the grey market will reflect the price at which they will list on the stock exchange.
The GMP is an indicator of the demand for an IPO. If the GMP is high, it means that there is strong demand for the IPO and that investors expect the shares to list at a premium to the issue price. If the GMP is low or negative, it means that there is weak demand for the IPO and that investors expect the shares to list at a discount to the issue price.
Investors can use the GMP to gauge the market sentiment for an IPO before they decide whether or not to invest. However, it is important to remember that the GMP is just one factor to consider when making an investment decision. Investors should also consider the company’s fundamentals, such as its financial performance, growth prospects, and management team.
Here are some of the reasons why IPO shares may trade at a premium in the grey market:
Strong demand from investors who believe that the company has good growth prospects.
Limited supply of shares available in the grey market.
Market manipulation by IPO brokers and other market participants.
The GMP for Committed Cargo IPO GMP is Rs.22.
The expected return of the Committed Cargo IPO is around 24%.
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 Committed Cargo IPO is 18th October 2023.