IPO of Udayashivkumar Infra: After four days of subscription for the Initial Public Offering (IPO) of Udayashivkumar Infra Limited, all eyes are now on the allotment date, which is likely to be next Tuesday, March 28, 2023. According to Udayashivkumar Infra IPO’s subscription status, the retail portion of the IPO was subscribed 14.95 times, while the public issue worth of 66 crore was subscribed 32.49 times. The shares of Udayashivkumar Infra are also rising in value. Market eyewitnesses express 10 in the dim market today.
Market observers say that Udayashivkumar Infra’s current IPO gray market premium (GMP) is 10, which is two times higher than your previous GMP’s 8. He stated that Udayashivkumar Infra IPO GMP has maintained upward momentum in the gray market, indicating volume regarding the public issue, despite Dalal Street’s weak sentiment over the past two days. He said that a lot would depend on how the stock market was feeling.
What does this IPO GMP show?
According to market observers, Udayashivkumar Infra’s IPO today is GMP, which indicates that the gray market anticipates the IPO to be around the listing price of 45 (35+ 10), with K Udayashivkumar Infra trading at approximately 28% above the IPO price band at 33,35 per equity share. Due to the fact that the majority of the initial public offerings (IPOs) that have come on the market this year have provided investors with returns that were either negative or very low, market observers stated that a listing premium of 28% in the current market sentiment suggests enormous profits for the fortunate allottees.
However, experts on the stock market advised the lucky recipients to stick to their convictions and examine the company’s financial situation before investing. He made a purely speculative claim that GMP is an unregulated figure. Because it includes individuals who have a significant stake in a public issue, it may also occasionally be artificial.
Details about the IPO of Udayashivkumar Infra The public issue of Udayashivkumar Infra is expected to be listed on April 3, 2023, both on the NSE and the BSE.