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What GMP reflects on the last date a public issue was subscribed

Go Fashion IPO (Initial Public Offering) was subscribed 6.87 times after two days of bidding. The tender for Go Fashion’s IPO will end today and the gray market has started to give signals about the value of the public offering 1,013.61 crore. According to market watchers, Go Fashion stocks are priced at. available 470 on the gray market today, which is quite promising given the public offer at 655 tons 690 per share.

Go Fashion IPO GMP

According to market observers, Go Fashion is IPO gray market premium (GMP) today 470 that is 30 less than yesterday’s gray market premium of 500. You said that such a decline is to be expected in the current nosedive market. They said the gray market premium for the Go Fashion IPO was hovering around 500 for the past week and that reflects strong investor sentiment on the public issue. They expected that this would lead to a huge surge in the subscription level of the IPO.

What does this GMP mean?

Market observers said the gray market premium reflects an expected price gain on the public issue. How Go Fashion IPO GMP is today 470 this means that the gray market expects the public issue to trade at around 1160 ( 690+ 470), which is around 70 percent higher than the upper price range.

Subscribe to Go Fashion IPO or not?

Tag Go Fashion’s IPO; Nitin Shahi, Executive Director at Findoc, said: “Go Fashion is one of the leading companies in the lingerie industry. The company has a well-diversified product portfolio along with the multi-channel distribution network across India. In addition, the company has a proven track record of strong financial performance. In addition, the women’s lingerie retail market is a growing market. Organized retail women’s clothing has increased from 19 percent in 2015 to 27 percent in 2020 and is projected to reach 42 percent by fiscal 2025 Therefore, investors can draw it with a long-term perspective. “

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

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