The grey market for IPOs continues to provide valuable insights into the expected performance of upcoming listings. Investors are closely monitoring Grey Market Premiums (GMP) for various mainboard IPOs to gauge their potential post-listing performance.
Below is the latest GMP update for Western Carriers, Arkade Developers, Northern Arc Capital, Manba Finance, KRN Heat Exchanger, Diffusion Pharmaceuticals, and NTPC.
1. Western Carriers IPO GMP Update
- IPO Price: ₹172
- Latest Grey Market Premium (GMP): ₹15
- Percentage Premium: 8.72%
Western Carriers IPO is currently showing a GMP of ₹15, reflecting an 8.72% premium over its issue price of ₹172. This suggests modest investor interest in the grey market for this IPO.
2. Arkade Developers IPO GMP Update
- IPO Price: ₹128
- Latest Grey Market Premium (GMP): ₹63
- Percentage Premium: 49.22%
Arkade Developers is witnessing solid demand with a GMP of ₹63, translating to a 49.22% premium over its issue price of ₹128. This indicates a positive outlook in the grey market.
3. Northern Arc Capital IPO GMP Update
- IPO Price: ₹263
- Latest Grey Market Premium (GMP): ₹131
- Percentage Premium: 49.81%
Northern Arc Capital IPO is trading at a GMP of ₹131, showing a nearly 50% premium over its issue price of ₹263. The grey market reflects strong investor confidence in this offering.
4. Manba Finance IPO GMP Update
- IPO Price: ₹120
- Latest Grey Market Premium (GMP): ₹64
- Percentage Premium: 53.33%
Manba Finance has seen an impressive rise in its GMP, now standing at ₹64. This equates to a 53.33% premium over its issue price of ₹120, indicating heightened investor interest and potential listing gains.
5. KRN Heat Exchanger IPO GMP Update
- IPO Price: ₹220
- Latest Grey Market Premium (GMP): ₹240
- Percentage Premium: 109.09%
KRN Heat Exchanger remains a top performer in the grey market, showing a GMP of ₹240. This translates to a 109.09% premium over its issue price of ₹220, signaling high demand and strong listing potential.
6. Diffusion Pharmaceuticals IPO GMP Update
- IPO Price: ₹168
- Latest Grey Market Premium (GMP): ₹50
- Percentage Premium: 29.76%
Diffusion Pharmaceuticals is seeing a GMP of ₹50, which reflects a 29.76% premium over its issue price of ₹168. The grey market response suggests moderate demand for this IPO.
7. NTPC Green Energy IPO GMP Update
- IPO Price: TBA
- Latest Grey Market Premium (GMP): ₹38
While the final IPO price for NTPC Green Energy is yet to be announced, the IPO is currently trading at a GMP of ₹38 in the grey market. Investors are anticipating further updates regarding the pricing and listing.
The grey market continues to provide early indications of investor sentiment and potential gains for upcoming IPOs.
KRN Heat Exchanger leads the pack with a significant 109.09% GMP, while other IPOs such as Manba Finance, Northern Arc Capital, and Arkade Developers also show promising premiums.
As the listing dates approach, these GMP values may fluctuate, and investors should stay informed.
Tags: Western Carriers IPO, Arkade Developers IPO, Northern Arc Capital IPO, Manba Finance IPO, KRN Heat Exchanger IPO, Diffusion Pharmaceuticals IPO, NTPC Green Energy IPO, grey market premium updates, Indian IPO market, September 2024 IPOs
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