Manoj Vaibhav Gems IPO GMP Today: Take a look at the current Grey Market Premium (GMP) for the Manoj Vaibhav Gems IPO. The Grey Market Premium for Manoj Vaibhav Gems has recently been updated. Keep an eye out for the most up-to-date IPO GMP figures for this company.
Manoj Vaibhav Gems IPO Details: The scheduled date for Manoj Vaibhav Gems IPO has been confirmed. The IPO is set to enter the market on September 22nd and conclude on September 26th. The company aims to gather approximately ₹270 crores through this IPO. This sum includes a fresh issue of ₹210 crores via 2800000 shares, each valued at ₹10. The retail quota is 35%, while QIB is 50% and HNI is 15%.
Manoj Vaibhav Gems IPO GMP Today
Vaibhav Jewellers IPO GMP FAQs
The GMP for Vaibhav Jewellers IPO is Rs.7.
The expected return of the Manoj Vaibhav Gems IPO is around 3%.
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 Manoj Vaibhav Gems IPO is 5th 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.
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.
Disclaimer: I am not a financial advisor and this is not financial advice. Please do your own research before investing in any IPO or the grey market.