Mangalam Alloys IPO GMP Today: Take a look at the current Grey Market Premium (GMP) for the Mangalam Alloys. The Grey Market Premium for Mangalam Alloys has recently been updated. Keep an eye out for the most up-to-date IPO GMP figures for this company.
Mangalam Alloys IPO Details: Mangalam alloys, is set to launch its initial public offering (IPO) on September 21, 2023. The IPO will close on September 25, 2023. The company is looking to raise ₹54.91 crores through the IPO. The investors’ portion for QIB/NII is 50%, Retail is 50%. The market lot is 1600 shares.
Mangalam Alloys IPO GMP Today
Mangalam Alloys IPO GMP FAQs
The GMP for Mangalam Alloys IPO is Rs.
The expected return of the Mangalam Alloys IPO is around 25%.
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 Mangalam Alloys IPO is 4th October 2023.
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.