IPO GMP: At present, the Indian primary market is buzzing with as many as five mainboard initial public offerings (IPOs). Three mainboard issues- Vishal Mega Mart IPO, Mobikwik IPO and Sai Life Sciences IPO – opened for subscription on Wednesday, December 11, and are concluding today, i.e. Friday, December 13.
Meanwhile, the Inventurus Knowledge Solutions IPO, which opened on Thursday, December 12, will close on Monday, December 16. The International Gemmological Institute IPO opened for subscription on Friday, December 13, and will close on Tuesday, December 17.
All these issues are witnessing healthy demand from investors. They are trading at a premium in the grey market.
As we know, a stock’s grey market premium (GMP) shows the difference between its expected listing price and the IPO price and reflects investor sentiment and demand for the stock ahead of its debut.
