The Latest Breaking News from GMP

Elevate Campuses IPO Day 3: GMP, subscription status and key details. Should you subscribe?

Elevate Campuses IPO opened on September 23 and closed on September 25 with overall 1.79 times subscription. The retail segment was subscribed 1.01 times, while non-institutional investors saw an 84% subscription rate. The company expects to utilize Rs 1,850 crore to enhance its K-12 and student accommodation business. Financial performance…

The Economic Times · Sep 25

Moneyview IPO enters Day 2: Subscription reaches 1.4x, GMP signals 38% potential listing gain; should you bid?

The Rs 1,091.68-crore Moneyview IPO comprises a fresh issue of 22.06 crore shares aggregating to Rs 750 crore and an offer for sale (OFS) of 10.05 crore shares worth Rs 341.68 crore.

The Economic Times · Sep 25

Adroit Industries IPO subscribed 176 times on Day 3; GMP at 28%. Check details

Adroit Industries' IPO opened for subscription on September 23 and was heavily subscribed by September 25. The overall subscription reached 176.85 times, reflecting significant interest from retail and institutional investors. The Grey Market Premium for the IPO increased, indicating potential for a strong market debut. The company plans to use…

The Economic Times · Sep 25

Orient Cables IPO opens with GMP hinting 19% listing gains. Check key details

The Rs 552 crore Orient Cables IPO is a book-built issue comprising a fresh issue of 1.18 crore shares worth Rs 320 crore and an offer for sale (OFS) of 85.29 lakh shares worth Rs 232 crore.

The Economic Times · Sep 25

The hype, the listing & the lessons: 5 takeaways for investors from the NSE IPO

NSE’s muted 0.8% listing premium despite stronger grey-market expectations highlights why GMP cannot predict IPO performance. Subsequent gains showed broader market conditions, valuations, fundamentals and post-listing price discovery can matter more than pre-listing sentiment for investors.

The Economic Times · Sep 24

IPO reality check! Is GMP a useful signal or just market noise? Here’s what experts think

Investors frequently use grey market premium (GMP) to gauge interest in initial public offerings (IPOs) and their potential returns. However, the recent performances of companies like Hero Motors and SBI Funds Management highlight that GMP isn't always a dependable indicator. Experts warn that while GMP reflects market sentiment, it often…

The Economic Times · Sep 24

Elevate Campuses IPO Day 2: GMP, subscription status and key details. Should you subscribe?

Elevate Campuses IPO entered its second day of bidding today with a modest 1% premium in the grey market. The Rs 2,100-crore entire fresh issue saw 20% overall subscription on Day 1. Analysts recommend subscribing for the long term, citing strong earnings growth and a dominant market presence.

The Economic Times · Sep 24

Adroit Industries IPO Day 2: GMP at 25%, subscription reaches 5.18 times. Should you subscribe?

Adroit Industries IPO enters its second day of bidding with strong investor interest, commanding a 25% premium in the grey market. The Rs 150.71-crore issue was subscribed 5.18 times on Day 1. Analysts suggest considering the issue from a long-term investment perspective given its vertically integrated operations and strong exports.

The Economic Times · Sep 24

Varmora Granito IPO Day 3: Check GMP, subscription status and key details

Varmora Granito's IPO entered its third day of bidding on September 24, facing limited investor response. The public offer was subscribed 1.58 times, with bids for 5.34 million shares against 3.39 million on offer. Qualified Institutional Buyers led the interest, while retail participation showed nearly complete subscription. The issue price…

The Economic Times · Sep 24

Sonaselection India shares list at 3% premium over IPO price

The Rs 141.57-crore IPO was offered in the price band of Rs 94–99 per share and comprised entirely a fresh issue of 1.43 crore equity shares, with no offer-for-sale (OFS) component.

The Economic Times · Sep 24