The IPO grey market is displaying varying performances for several upcoming IPOs, with Manba Finance seeing a renewed surge. Grey Market Premiums (GMP) are early indicators of how these IPOs may perform upon listing.
Below are the latest GMP updates for Western Carriers, KRN Heat Exchanger, Northern Arc Capital, Arkade Developer, and Manba Finance, reflecting the current trends in investor demand.
1. Western Carriers (India) IPO GMP Update
- Issue Price: ₹172
- Latest Grey Market Premium (GMP): ₹9-10
- Percentage Premium: 6%
Western Carriers (India) IPO is showing a slight premium with a GMP of ₹9-10, translating to a 6% premium over the issue price. This indicates limited interest in the grey market, suggesting potential moderate listing gains.
2. KRN Heat Exchanger IPO GMP Update
- Issue Price: ₹220
- Latest Grey Market Premium (GMP): ₹215-225
- Percentage Premium: 98%
KRN Heat Exchanger is experiencing strong demand with a GMP of ₹215-225, reflecting a 98% premium over its issue price. This continues to show high potential for a strong debut in the stock market.
3. Northern Arc Capital IPO GMP Update
- Issue Price: ₹263
- Latest Grey Market Premium (GMP): ₹140-144
- Percentage Premium: 54%
Northern Arc Capital IPO is trading with a GMP of ₹140-144, translating to a 54% premium over the issue price. The moderate demand in the grey market signals potential for decent listing gains.
4. Arkade Developer IPO GMP Update
- Issue Price: ₹128
- Latest Grey Market Premium (GMP): ₹60-63
- Percentage Premium: 48%
Arkade Developer IPO has a GMP of ₹60-63, showing a 48% premium over the issue price. This demonstrates positive sentiment in the grey market, indicating potential for profitable listing gains.
5. Manba Finance IPO GMP Update
- Issue Price: ₹120
- Latest Grey Market Premium (GMP): ₹55-60
- Percentage Premium: 46%
Manba Finance IPO has seen a surge in its GMP to ₹55-60, indicating a 46% premium over its issue price. After a period of inactivity, the grey market has picked up interest in this IPO, suggesting potential for strong listing gains.
The latest Grey Market Premium updates reveal varied demand across different IPOs. While KRN Heat Exchanger continues to lead with a nearly 98% premium, Manba Finance has gained significant momentum, reflecting renewed investor interest.
Northern Arc Capital and Arkade Developers also maintain a strong GMP, indicating good listing prospects. Investors should stay informed as the listing dates approach, as grey market trends can shift rapidly.
Tags: Western Carriers IPO, KRN Heat Exchanger IPO, Northern Arc Capital IPO, Arkade Developer IPO, Manba Finance IPO, latest GMP update, Indian IPO grey market, IPO performance 2024
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