Udayashivkamar Infra IPO: After the closing of the bidding for the Initial Public Offer (IPO) of Udayashivakmar Infra Limited, market observers and bidders are eagerly waiting for the Udayashivakmar Infra IPO allotment date, which is likely to happen on March 28, 2023. Those who have applied for the Public Issue are advised to view Udayashivkamar Infra IPO Allotment Status online either on BSE website or on official registrar’s website. The official registrar of the IPO is MAS Services Limited and its official website is massserv.com. As per market observers, Udayashivkamar Infra Ltd shares are available at a premium 10 per equity share, which means Udayashivkamar Infra IPO has been fixed at GMP (grey market premium) 10 per share in the gray market today.
IPO GMP of Udayashivkamar Infra today
According to market observers Udayashivkamar Infra’s IPO GMP is today 10, which has been stable for the last four days. Market observers further said that we can expect some upside in the gray market price of Udayashivkamar Infra shares as the secondary market is expected to get a positive opening and there are high chances of a bounce back from the oversold levels.
What does this GMP mean?
Udayashivkamar Infra’s IPO today is GMP, say market observers 10, which means the gray market is expecting the Udayashivkamar Infra IPO to be around the listing price 45 ( 35+ 10), which is about 28 per cent higher than the price band of the Udayashivkamar Infra IPO. since 33 35 each. He said the gray market is trying to signal that Udayashivkamar Infra IPO will have a strong opening on Dalal Street as the stock is quoting over 25 per cent premium despite weak secondary market sentiment since last two sessions. However, stock market experts said that the gray market is not an ideal indicator about the potential gains from the IPO as it is purely speculative.
udayashivkamar infra ipo allotment status check
As mentioned above, an allottee can check his Udayashivkamar Infra IPO allotment status online by logging on to BSE’s website – bseindia.com or official registrar MAS Services Limited’s website – massserv.com. For more convenience, a bidder is advised to login directly to BSE link – india.com/investors/appli_check.aspx as the official registrar’s website is quite complex to find the direct link to check allotment status online.
Udayashivkamar Infra IPO listing is expected on 3rd April 2023.
