Take a look at the current Grey Market Premium (GMP) for the Vishnu Prakash R Punglia. The Grey Market Premium for Vishnu Prakash R Punglia IPO has recently been updated. Keep an eye out for the most up-to-date IPO GMP figures for this company.
The Vishnu Prakash R Punglia IPO is scheduled to commence on August 24, aiming to raise ₹309 crores. Vishnu Prakash R Punglia is a certified, fully integrated engineering, procurement, and construction (EPC) firm with a track record of successfully designing and constructing various infrastructure projects. These projects have been undertaken for both Central and State Governments, autonomous bodies, as well as private entities across 9 States and 1 Union territory in India. In the fiscal year 2023, the company achieved a total revenue of ₹1171 crores, a significant increase from the ₹787 crores in revenue recorded in 2022. The IPO price range is set at ₹94 to ₹99 per Equity Share, and the Vishnu Prakash R Punglia IPO will be listed on both BSE and NSE.
Latest Vishnu Prakash R Punglia IPO GMP
Latest price for Vishnu Prakash IPO GMP is Rs. 57. It has an increasing trend for last 5-6 days. The IPO will be listed on 5th September 2023. Here is the GMP trend for last few days.
Vishnu Prakash R Punglia IPO GMP FAQs
The GMP for Vishnu Prakash R Punglia is Rs. 57 as on 1st September 2023.
The expected return for Vishnu Prakash R Punglia is around 70% on listing day.
Well, its a good company and one can stay invested for long term. But It depends on your financial goal and time horizon. Also look at your risk appetite while investing in to any IPO.
The Vishnu Prakash R Punglia IPO will be listed on 5th September 2023.
The Grey Market Premium (GMP) is the additional price or premium that a stock or IPO (Initial Public Offering) commands in the unofficial or secondary market before it officially gets listed and traded on the stock exchange. It is essentially the difference between the price at which shares are being bought and sold in the grey market and the IPO’s issue price set by the company.
The grey market operates outside of the official stock exchanges, and it provides a platform for investors to trade shares of an IPO before they are available for trading on the stock market. The GMP reflects market sentiment and demand for the IPO shares before they become publicly accessible. If the GMP is positive, it means that the IPO is in high demand, and investors are willing to pay a premium to secure shares before they officially debut on the stock exchange. Conversely, a negative GMP indicates lower demand and suggests that investors are not willing to pay a premium for those shares.
Investors and market participants closely monitor the Grey Market Premium as it can provide insights into the perceived value and potential listing performance of an IPO. However, it’s important to note that GMP is unofficial and can fluctuate rapidly, so it should be considered cautiously when making investment decisions.
Disclaimer: The mention of IPO Grey Market Premium (Vishnu Prakash R Punglia IPO GMP) is applicable only for the specified date mentioned in the header. It is advised not to subscribe to an IPO solely based on the premium price, as it may fluctuate before listing. Make your subscription decisions based on the fundamental attributes of the companies involved.
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