NSE IPO GMP declines sharply ahead of listing
after close1 source ↓written by the desknot a recommendation
- has fallen
- ₹65
- drop
- 79%
- on September 5
- ₹310
- upcoming listing
- 24 Sept
- may list
- ₹1,850
The grey market premium (GMP) for the NSE IPO has fallen to ₹65, a 79% drop from ₹310 on September 5. This decline indicates moderated expectations for the upcoming listing on 24 Sept. At this GMP, NSE shares may list around ₹1,850, reflecting a modest 3.64% potential gain from the IPO's upper price band of ₹1,785.
Despite the GMP drop, the IPO was subscribed 5.71 times, showing strong demand during the offering period.
Not investment advice. For informational purposes only.