Rajputana Biodiesel SME IPO has garnered significant attention in the grey market, with the latest GMP recorded at ₹117 as of November 29, 2024, 6:02 PM. With a price band of ₹130, the estimated listing price now stands at ₹247, representing a substantial expected gain of 90% per share.
The IPO's Retail Subject to Sauda rate has also surged to ₹88,900, indicating robust demand among investors anticipating a strong debut on the stock exchange.
Upward GMP Trend Indicates Positive Sentiment
Over the last 11 trading sessions, the IPO’s GMP has showcased consistent upward movement, reflecting heightened market optimism. The GMP ranged from a low of ₹21 to the current peak of ₹117, suggesting strong investor confidence. The grey market activities indicate the possibility of a stellar listing, as today's GMP trend points firmly upward.
Date IPO Price GMP Sub2 Sauda Rate Estimated Listing Price Last Updated
29-11-2024 ₹130.00 ₹117 ₹88,900 ₹247 (90% Gain) 29-Nov-2024 18:02
About GMP and Disclaimer
The Grey Market Premium (GMP) serves as an informal indicator of the market sentiment for IPOs before their official listing. It reflects the price investors are willing to pay in the grey market over the IPO’s issue price. However, it is crucial to note:
The GMP values reported here are solely for informational purposes. We neither trade in the grey market nor endorse it as an investment tool. Trading in the grey market is speculative and carries inherent risks.
What to Watch Next
As Rajputana Biodiesel SME IPO inches closer to its listing date, market participants are keenly watching its daily GMP trend. Stay tuned for updates on the grey market activity and the final listing performance of Rajputana Biodiesel SME IPO.
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