Updater Services IPO GMP Today: Take a look at the current Grey Market Premium (GMP) for the Updater Services IPO. The Grey Market Premium for Updater IPO has recently been updated. Keep an eye out for the most up-to-date IPO GMP figures for this company.
Updater Services IPO Details: Updater Services is set to launch its initial public offering (IPO) on September 25, 2023. The IPO will close on September 27, 2023. The company is looking to raise ₹640 crores through the IPO. The investors’ portion for QIB 75%, NII is 15%, Retail is 10%.
Updater Services IPO GMP Today
| Date | GMP |
| Today | ₹- |
| 27 September | ₹- |
| 26 September | ₹- |
| 25 September | ₹- |
| 24 September | ₹- |
| 23 September | ₹- |
Updater Services IPO GMP FAQs
The GMP for Updater Services IPO is Rs.
The expected return of the Updater Services IPO is around ____%.
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 Updater Services IPO is 9th October 2023.
Grey market premium (GMP) is the premium at which a company’s shares are traded unofficially before they are officially listed on a stock exchange. The grey market is an unofficial market where shares of companies that are about to go public are traded.
The GMP is calculated by subtracting the issue price of the IPO from the price at which the shares are trading in the grey market. For example, if the issue price of an IPO is Rs. 100 and the shares are trading in the grey market at Rs. 120, then the GMP would be Rs. 20.
The GMP is used by investors to gauge the demand for an IPO and to predict how the shares will perform when they are officially listed on the stock exchange. A high GMP indicates that there is strong demand for the IPO and that the shares are likely to list at a premium. A low GMP, on the other hand, indicates that there is weak demand for the IPO and that the shares may list at a discount.
It is important to note that the grey market is an unregulated market and there is no guarantee that the shares will trade at the GMP when they are officially listed on the stock exchange. Investors should carefully consider the risks involved before investing in IPOs.
Here are some of the factors that can affect the GMP of an IPO:
The company’s industry: Companies in high-growth industries tend to have higher GMPs than companies in low-growth industries.
The company’s financial performance: Companies with a strong track record of profitability and growth tend to have higher GMPs than companies with a weak track record.
The overall market sentiment: If the overall market sentiment is bullish, then IPOs tend to have higher GMPs.
The subscription status of the IPO: If the IPO is oversubscribed, then the GMP is likely to be high.
Investors should carefully consider all of these factors before investing in IPOs.