Udayshivakumar Infra IPO: With the share allotment announcement, investors and allottees are eagerly awaiting the Udayshivakumar Infra IPO listing date, which is most likely on April 3, 2023. Yet, a shift in market attitude ahead of the share offering has increased opinions on the Udayshivakumar Infra IPO in the gray market. Market watchers claim that shares of Udayshivakumar Infra Ltd are currently selling for a premium of 12 in the black market.
Udayshivakumar Infra IPO GMP today
According to market watchers, the Udayshivakumar Infra IPO’s grey market premium (GMP) is 12 today, up 2 from its GMP of 10 yesterday. They claimed that the trend reversal on Dalal Street is what caused today’s increase in Udayshivakumar Infra IPO GMP. They said that secondary market sentiment has a significant impact on share listing premium since it may cause new investors or HNI investors to postpone their investment plans in the wake of negative market sentiment. Market watchers argued that Udayshivakumar Infra’s IPO GMP has been favorable over the past week despite a lackluster market climate, which indicates that the company’s shares would list favorably.
What this GMP mean?
As Udayshivakumar Infra IPO GMP today is ₹12, market observers said that grey market is expecting Udayshivakumar Infra IPO listing price to be around ₹47 ( ₹35 + ₹12), which is around 35 per cent higher from its price band of ₹33 to ₹35 per equity share. So, in case the market sentiments continues to remain strong, a lucky allottee may expect strong premium on their investment, signals grey market today.
However, stock market experts maintained that grey market is a non regulated market and its figures are completely speculative. Apart from this, it includes even those who have high stake involved in the IPO. So, some times GMP can be artificial as well. They advised allottees to stick with the basics and rely on financials of the company only as it reflects concrete picture of a company’s fundamentals.