Kundan Edifice GMP Today: Take a look at the current Grey Market Premium (GMP) for the Kundan Edifice IPO. The Grey Market Premium for Kundan IPO has recently been updated. Keep an eye out for the most up-to-date IPO GMP figures for this company.
Kundan Edifice IPO is an initial public offering (IPO) of 2,772,000 equity shares of the face value of ₹10 aggregating up to ₹25.22 Crores. The issue is priced at ₹91 per share. The minimum order quantity is 1200 Shares.
Kundan Edifice IPO GMP Today
| Date | GMP |
| Today | ₹16 |
| 18 September | ₹16 |
| 17 September | ₹20 |
| 16 September | ₹20 |
| 15 September | ₹20 |
| 14 September | ₹36 |
| 13 September | ₹36 |
| 12 September | ₹36 |
| 11 September | ₹36 |
| 10 September | ₹36 |
| 9 September | ₹36 |
| 8 September | ₹36 |
| 7 September | ₹20 |
Kundan Edifice IPO GMP FAQs
The current GMP for Kundan Edifice is Rs. 16 i.e. 18% gain on the offer price.
The expected return for Kundan Edifice IPO is around 20%
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 Kundan Edifice is 26th September 2023.
Grey market premium (GMP) is the premium amount at which grey market IPO shares are traded before they get listed in 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 a 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 listing day. There is no reliability but in most cases, the GMP works properly and IPO list around the given price.
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 means that investors are optimistic about the IPO and expect it to list at a premium. If the GMP is low, it means 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.