Goyal Salt IPO GMP Today: Take a look at the current Grey Market Premium (GMP) for the Goyal Salt IPO GMP. The Grey Market Premium for Goyal Salt IPO GMP has recently been updated. Keep an eye out for the most up-to-date IPO GMP figures for this company.
Goyal Salt Limited IPO Details: The scheduled date for Goyal Salt Limited IPO has been confirmed. The IPO is set to enter the market on September 26th and conclude on September 29th. The company aims to gather approximately ₹18.63 crores through this IPO. This sum includes a fresh issue of ₹18.63 crores via 4902000 shares, each valued at ₹10. The retail quota 35%, while QIB is 50% and HNI is 15%. The market lot is 3000 shares.
Goyal Salt IPO GMP Today
Goyal Salt IPO GMP FAQs
Grey market premium (GMP) is the premium at which shares of an upcoming IPO are traded in the grey market. The grey market is an unofficial market where shares are traded before they are listed on a stock exchange.
The GMP is determined by the demand for shares of the upcoming IPO. If there is high demand for the shares, the GMP will be higher. The GMP can also be affected by other factors, such as the company’s financial performance, the overall market sentiment, and the expected listing price of the shares.
The GMP is often seen as a gauge of investor sentiment towards an upcoming IPO. If the GMP is high, it suggests that investors are bullish on the company and expect the shares to perform well on the listing day.
However, it is important to note that the GMP is not a guarantee of the stock’s performance on the listing day. The stock price can fluctuate on the listing day due to a variety of factors, such as the demand and supply of shares, the overall market sentiment, and the company’s performance after listing.
Investors should carefully consider the risks involved before investing in the grey market. The grey market is an unregulated market, and there is no guarantee that investors will be able to sell their shares at a profit.
Here is an example of how GMP works:
A company is offering its shares in an IPO at ₹100 per share.
The grey market premium for the shares is ₹20.
This means that investors can buy the shares in the grey market for ₹120 per share.
If the shares are listed on the stock exchange at ₹120 per share, investors who bought the shares in the grey market will make a profit of ₹20 per share.
However, if the shares are listed on the stock exchange at a price below ₹120 per share, investors who bought the shares in the grey market will make a loss.
The GMP for Goyal Salt IPO is Rs.18.
The expected return of the Goyal Salt IPO is around 45%.
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 Goyal Salt IPO is 10th October 2023.