Wednesday, July 6, 2022
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home IPOs

What is grey market premium (GMP) signaling for the issue?

MtR by MtR
June 17, 2021
in IPOs
0


Shyam Metalics IPO opened for subscription on June 14th and it got 3.65 times subscribed on day two. The public issue of Shyam Metalics and Energy is open for bidding till 16th June 2021. If we look at Shyam Metalics IPO grey market premium (GMP), it looks that the IPO is poised for bumper subscription as there are one full day left for bidding. According to experts, Shyam Metalics IPO GMP today is ₹155, which is enough to understand the mood of IPO investors about the public offer.

Speaking on the Shyam Metalics IPO GMP today Ravi Singhal, Vice Chairman at GCL securities said, “Shyam Metalics IPO grey market premium today is ₹155. This means the market is expecting Shyam Metalics IPO listing at ₹458 to ₹461 levels, which is enough to understand the mood of the IPO investors in regard to this public offer.”

Ravi Singhal of GCL security went on to add that Shyam Metalics IPO GMP has remained around ₹150 for the last five days that is also a positive sign for the counter till date. However, he maintained that the grey market premium is not the only factor that helps an IPO to succeed.

Avinash Gorakshkar, Head of Research at Profitmart Securities says, “GMP is completely speculative and IPO investors get a cue from it about the possible listing gains. If you look at the fundamentals of the company and the price band of the public issue, one can expect to get around 15-20 per cent listing gains in the IPO.”

Shyam Metalics IPO allotment will take place on 21st June 2021 while the tentative date for Shyam Metalics IPO listing at both NSE and BSE is 24th June 2021. Shyam Metalics and Energy intends to raise ₹909 crore through its public offer comprising a fresh issue worth ₹657 crore and an OFS (offer for sale) worth ₹252 crore by current selling shareholders.

Subscribe to Mint Newsletters

* Enter a valid email

* Thank you for subscribing to our newsletter.

Never miss a story! Stay connected and informed with Mint.
Download
our App Now!!



Source link

Related articles

Latest Updates on Benchling Stock

July 6, 2022

Behind the precipitous drop in IPOs

July 6, 2022

Related Posts

Latest Updates on Benchling Stock

by MtR
July 6, 2022
0

Investors are eager for the Benchling IPO. The company made headlines when it confidentially filed with the SEC to go...

Behind the precipitous drop in IPOs

by MtR
July 6, 2022
0

Lynn Martin has been the 68th president of the New York Stock Exchange for six months, and so far, her...

Vccircle | Subscription

by MtR
July 6, 2022
0

1 year Billed annually at 4699 ₹ 392 / month 2 years Billed annually at 6999 ₹ 292 / month...

Annapurna Swadisht Ipo In August | Kolkata News

by MtR
July 6, 2022
0

Kolkata: City-based Annapurna Swadisht, maker of packaged snacks, food and beverages, is planning to tap capital market with an initial...

Nano Labs Plans IPO of 1.77M ADSs

by MtR
July 5, 2022
0

By Stephen Nakrosis Nano Labs Ltd., a fabless integrated circuit design company in China, said it planned to offer 1.77...

Load More
  • Trending
  • Comments
  • Latest

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021

Tips for checking smoke alarms during daylight saving time

March 12, 2022

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021
Fed tapering and emerging markets

Fed tapering and emerging markets

June 7, 2021
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0

Vanguard to pay millions to mutual fund investors hit with big tax bills

July 6, 2022

Health Care Sector ETFs Are at the Mercy of Expiring Government Subsidies

July 6, 2022

Research: Rating Action: Moody’s assigns Aaa to Essex County, NJ’s GOULT bonds; outlook stable

July 6, 2022

Metal companies feel the heat as commodity prices continue to dip

July 6, 2022

Recent News

Vanguard to pay millions to mutual fund investors hit with big tax bills

July 6, 2022

Health Care Sector ETFs Are at the Mercy of Expiring Government Subsidies

July 6, 2022

Research: Rating Action: Moody’s assigns Aaa to Essex County, NJ’s GOULT bonds; outlook stable

July 6, 2022

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter