Ultimate magazine theme for WordPress.

What GMP reflects before the subscription opening date

Go Fashion IPO (Initial Public Offering) will open for subscription on November 17, 2021 and will remain open for bidding until November 22, 2021 1,013.61 crore is busy scanning the company’s balance sheet to find out details about its finances. There is good news for such potential bidders. According to market observers, Go Fashion stocks will be sold at a premium of. acted 430 on the gray market today, that is 80 compared to yesterday’s premium.

Go Fashion IPO GMP

As mentioned above, Go Fashion is IPO GMP (gray market premium) today 430, that is 80 higher from yesterday’s GMP of 350. Market watchers believe that such an increase in the gray market premium for the Go Fashion IPO can be attributed to the change in market sentiment on Friday. They said the rising gray market price of the Go Fashion IPO could lead to a robust response from bidders as some sections of the IPO bidders take the gray market numbers very seriously.

What does this GMP mean?

Market observers added that GMP only reflects an estimated listing gain from the public issue. How Go Fashion IPO GMP is today 430, this simply means that the gray market expects Go Fashion stock to trade at around 1120 ( 690+ 430), which is around 60 percent higher than its price range of 655 tons 690 per equity level.

Subscribe to Go Fashion IPO or not

Advising bidders to look at corporate finances instead of the gray market premium; Avinash Gorakshkar, Head of Research at Profitmart Securities, said, “The gray market premium is no guarantee of stock market growth. So you should look at the company’s financials 1013.61 crore, only 125 from new issues) and the rating of the issue is also higher. Due to the recent excitement in the textile sector, an uptrend is to be expected for the issue. Bidders are therefore advised to check the company’s balance sheet very carefully and to rely more on GMP. “

Disclaimer: The views and recommendations made above are those of an individual analyst or brokerage firm and not of Mint.

Subscribe to something Mint newsletter

* Please enter a valid email address

* Thank you for subscribing to our newsletter.

Never miss a story again! Stay connected and informed with Mint. Download our  -p now !!

Comments are closed.

%d bloggers like this: