Home›Global Markets›India›Vishal Nirmiti IPO GMP holds at about +20 while Nityas…

Vishal Nirmiti IPO GMP holds at about +20 while Nityas Gems leads demand

Vishal Nirmiti’s issue price is estimated at ₹240 based on its grey market premium, versus Nityas Gems at an estimated ₹79, as both IPOs run from 30 September to 5 October.

Reported · Written up by our desk · India

LiveMint Markets says Vishal Nirmiti’s IPO was 57% subscribed on the second day of bidding, while Nityas Gems and Jewellery had higher subscription at 69%.

Both companies opened their public issues for subscription on 30 September and plan to keep them open until 5 October.

Vishal Nirmiti’s grey market premium, or IPO GMP, is about +20, implying a potential listing price of ₹240 per share, which the article calculates as 9.09% higher than the IPO price of ₹220.

In contrast, Nityas Gems’ IPO GMP is +4, with an estimated listing price of ₹79, and Vishal’s GMP is described as stable over the past five sessions with only minimal movement.

More like this

Sources