Marco Cables & Conductors IPO Today: Take a look at the current Grey Market Premium (GMP) for the Marco Cables & Conductors IPO. The Grey Market Premium for Marco Cables IPO has recently been updated. Keep an eye out for the most up-to-date IPO GMP figures for this company.
Marco Cables & Conductors IPO Details: Marco Cables & Conductors 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 ₹18.73 crores through the IPO. The investors’ portion for QIB/NII is 50%, Retail is 50%. The market lot is 3000 shares.
Marco Cables & Conductors IPO GMP Today
Marco Cables IPO GMP FAQs
The GMP for Marco Cables IPO is Rs. 6.
The expected return of the Marco Cables IPO is around 16%.
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 Marco Cables 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.
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.
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