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Udayshivakumar Infra IPO: What GMP signals as focus shifts on share listing date

Udayashivkumar Infra IPO: The allottee and market observer Udayashivkumar Infra are eagerly awaiting the IPO listing date, which is likely to occur on April 3, 2023, following the announcement of the share allocation. According to 12 gray market observers, the Udayashivkumar Infra IPO is currently available at a premium to the stock of Udayashivkumar Infra Ltd.

IPO GMP of Udayashivkumar Infra today

Market watchers claim that Udayashivkumar Infra’s current IPO gray market premium (GMP) is 12, which is two times higher than your previous GMP’s 10. He stated that the reversal of the trend on Dalal Street is the reason for the current rise in Udayashivkumar Infra IPO GMP. He went on to say that sentiment in the secondary market plays a big role in the premium for a share listing because new investors or HNI investors who invest after the listing may increase their investment plans because of weak market sentiments. However, according to market observers, the Udayashivkumar Infra IPO GMP has remained positive for the past week despite the sluggish market sentiment, indicating a positive listing of the company’s shares.

What does this GMP mean?

Market observers stated that the gray market is anticipated to be around the Udayashivkumar Infra IPO listing price of 47 (35+ 12), which is approximately 35% higher than the equity share’s price band of 33,35. Therefore, the gray market suggests that lucky allotees can anticipate a substantial premium on their investments if the market sentiment remains positive.

Experts in the stock market, on the other hand, assert that the gray market is an unregulated market whose figures are purely speculative. In addition, it includes those with substantial stakes in the IPO. Therefore, GMP can also occasionally be manufactured. He advised the recipients to stick to the basics and rely on the company’s financial situation because it provides a solid picture of the company’s fundamentals.

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