Rainbow Children’s Medicare IPO: Following the stock grant announcement, eligible stakeholders and market observers are eagerly awaiting Rainbow Children’s Medicare’s listing date, which is most likely May 10, 2022. Amid the nosedive in the secondary market, both beneficiaries and management would be busy calculating the expected premium to expect from the May 10, 2022 NSE and BSE inventory listings. According to market watchers, shares of Rainbow Children’s Medicare Limited have continued to fall as bears continue to dictate the secondary market. They said that Rainbow Children’s Medicare stock is available at a premium of €13 today in the gray market.
Rainbow Children’s Medicare IPO GMP
According to market observers, Rainbow Children’s Medicare IPO is GMP today €13, which is more than 50 percent lower than its gray market premium yesterday evening. Rainbow Children’s Medicare IPO GMP last night €30 means that the gray market price of this public issue is over €17. They said that such a decline in Rainbow Children’s Medicare IPO GMP was due to the dovish investor reaction and negative sentiment in the stock markets. They said that despite negative sentiment in the secondary markets, Rainbow Children’s Medicare’s gray market stock price has been able to remain in positive territory, meaning allotments can expect to see Rainbow Children’s Medicare stock listed Tuesday.
What these GMP mean
Like today Rainbow Children’s Medicare IPO is GMP €13, this means that the gray market expects Rainbow Children’s Medicare IPO listing at around €555 ( €542+ €13), which corresponds to the price range of the public issue.
So, amid bears dictating the stock market, the gray market signals the listing of Rainbow Children’s Medicare. This listing premium may increase if there is a trend reversal in the secondary market on Monday.
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