Zaggle Prepaid Ocean Services IPO GMP Today: Take a look at the current Grey Market Premium (GMP) for the Zaggle Prepaid Ocean Services IPO. The Grey Market Premium for Zaggle Prepaid IPO has recently been updated. Keep an eye out for the most up-to-date IPO GMP figures for this company.
Zaggle Prepaid Ocean Services IPO is an initial public offering (IPO) of 39,20,000 equity shares of the face value of ₹10 aggregating up to ₹563 crores. The issue is priced at ₹142-145 per share. The minimum order quantity is 1000 Shares.
The IPO opened for subscription on September 14 and will close on September 18, 2023. The shares will be listed on the NSE and BSE.
Zaggle Prepaid Ocean Services IPO GMP Today
Here is the day wise IPO GMP price for your ready reference. For the latest update you can check this IPO GMP page as well.
| Date | GMP |
| Today | ₹12 |
| 18 September | ₹15 |
| 17 September | ₹20 |
| 16 September | ₹30 |
| 15 September | ₹30 |
| 14th September | ₹20 |
| 13th September | ₹10 |
Zaggle Prepaid IPO GMP FAQs
The GMP for Zaggle Prepaid Ocean IPO is Rs. 12.
The expected return on the Zaggle Prepaid Ocean IPO is around 5%
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 Zaggle Prepaid IPO is set to 27th September 2023.
Grey Market Premium (GMP) is the premium amount at which grey market IPO shares are traded before they get listed on the stock exchange. In simple words, the stock of the company that came up with the IPO is bought and sold outside the stock market.
The GMP reflects how the IPO might react on its listing day. For instance, if the company introduces an IPO of Rs. 100 and the grey market premium is around Rs. 20 then we can assume the IPO to list around 120 rupees on the listing day. There is no guarantee but in most cases, the GMP works properly and IPO lists around the given GMP.
The grey market is an unofficial market where shares are traded before they are listed on the stock exchange. The grey market is not regulated by any authority and there is no guarantee that the shares will be listed at the GMP.
The GMP is determined by the demand and supply of the shares in the grey market. If there is more demand for the shares than supply, the GMP will be higher. If there is more supply than demand, the GMP will be lower.
The GMP can be a good indicator of the sentiment towards an IPO. If the GMP is high, it indicates that investors are optimistic about the IPO and expect it to list at a premium. If the GMP is low, it indicates that investors are not as optimistic about the IPO and expect it to list at a discount.
However, it is important to note that the GMP is not always accurate and the IPO may not list at the GMP. Investors should always do their own research before investing in an IPO.
Here are some of the factors that can affect the grey market premium:
The demand and supply of the shares in the grey market.
The performance of the stock market in general.
The sentiment towards the IPO company.
The issue price of the IPO.
The lock-in period for the shares.
Investors should carefully consider these factors before investing in an IPO based on the grey market premium.