NSE IPO GMP declines sharply ahead of listing
pre-market1 source ↓written by the desknot a recommendation
- has dropped
- ₹65
- from its peak
- 79%
- on September 5
- ₹310
- the listing
- 24 Sept
- list
- ₹1,850
The grey market premium (GMP) for the NSE IPO has dropped to ₹65, down 79% from its peak of ₹310 on September 5. This decline suggests muted expectations for the listing on 24 Sept. At the current GMP, NSE shares are expected to list at around ₹1,850, indicating a modest 3.64% potential gain from the IPO price of ₹1,785.
Despite the GMP drop, the IPO was subscribed 5.71 times, reflecting strong demand during the offering period.
Not investment advice. For informational purposes only.