GREY MARKET PREMIUM CALCULATION
Ola Electric IPO GMP signals 16% upside ahead of subscription
Ola Electric’s IPO, opening on August 2, aims to raise Rs 5,500 crore through a fresh issue and sell 8.49 crore shares. The IPO suggests a 16% grey market premium.
An unnoticed trend: Industrial houses getting re-rated. After Tata and Mahindra, are Aditya Birla Group stocks next in line?
In the last four years, beside different sectors getting rerated there has been another sort of re-rating which has been going on the street. Re-rating which is based on the ownership of that set of companies or is commonly known as the industrial houses. In most cases, this has been happening post some kind of restructuring which has been done at group levels. Whether it is demerging, takeover or re-focussing some of the business into additional areas. Now some of the old industrial houses have one big strength, a number of them have real estate assets which can be monetized so they don't have to rush to the capital market or take additional debt when they are re- focusing their priorities. In a number of cases, this has led to unlocking of value and better valuation on the street.
Emcure Pharma shares debut with 31% premium over issue price
Before listing, the company's shares traded at a Rs 360 premium in the grey market. It raised Rs 582 crore from anchor investors, including HDFC MF, ICICI Pru MF, SBI MF, Abu Dhabi Investment Authority, Goldman Sachs Asset Management, Nomura, and HDFC Life. Analysts are bullish on the IPO for listing gains and long-term growth, citing its strong position in domestic therapeutics and expansion plans in India and exports.
Types of car insurance plans you should know about
India mandates third-party insurance (Motor Vehicles Act 1988). IRDAI sets premiums. Types: third-party liability, Own Damage, and Comprehensive insurance with extensive coverage including INR 15 lakh Personal Accident Cover and add-ons. Own Damage covers accidents, disasters, theft. Premiums depend on vehicle age, model, coverage limits, safety gadgets, Insured Declared Value (IDV), and No-Claim Bonus (NCB).
Pint-sized IPOs become lottery ticket as small investors make up to 1,500% return
The frenzy around SME IPOs driven by retail investors seeking high returns raises concerns about an overheated market and potential bubbles. Despite the success stories, caution is advised as valuations may not offer sufficient margin of safety in the current environment.
Ixigo IPO pops; AI jobs command premium pay
Ixigo lists at about 50% premium, ends day at 20% upper circuit. This and more in today’s ETtech Top 5.
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Ixigo IPO: Shares likely to debut at 32% premium on June 18
Ahead of the listing, the company's shares are trading with a premium of Rs 29-30 in the unlisted market. If the current trends are sustained, the shares are expected to list with a premium of 32%. Ixigo IPO was priced at Rs 93 at the upper end.
Kronox Lab shares got listed at 21% premium. What should investors do?
Kronox Lab Sciences had a decent listing at the bourses, falling short of expectations due to market volatility. Analysts praise its strong position in specialty fine chemicals sector.
Should you buy a house now or rent it? Key factors that will help you to decide
While property market dynamics play a big role in effecting this decision, equally important is your personal financial situation and lifestage. There are other factors to consider. If you are thinking of buying a house, here the key things you need to check.
Kronox Labs IPO GMP: Will there be a healthy listing at the bourses tomorrow?
Before its debut on the exchanges scheduled for Monday, Kronox Labs' shares are enjoying a premium of Rs 40 in the unlisted market.
What rental yield is and how it is calculated
If you are confused by personal finance terms, jargon or calculations, here’s a new series to simplify and deconstruct these for you. In the first part, ET Wealth explains what rental yield is and how it is calculated.
Mahindra to focus more on driving range, tech over price in future electric cars
Speaking to ET, R. Velusamy, president, automotive technology and product development at M&M said while TCO (total cost of ownership) approach to EV development or how much one saves after switching from petrol or diesel cars to EVs may work in the short term for “early adopters”, in the long term, it’s the range, technology and overall experience that will help in creating new market segments and to grow sales.
Go Digit share price jumps 9% after muted listing
Following its listing on Thursday with a modest premium of 3.35% at Rs 281 over its issue price of Rs 272, shares of Go Digit General Insurance continued to rally, surging another 9% to reach the day's high of Rs 305.85.
JK Tyre debt equity ratio is 0.80 to 1, which shows good deleveraging: Raghupati Singhania
Raghupati Singhania discusses the growth in demand for tyres in India, focusing on the passenger segment. He also touches on Mexico operations, EPR impact, net debt reduction, raw material cost increase, and expansion plans for premium sizes.
TBO Tek sees robust listing. What should investors do now?
TBO Tek strong listing can be attributed to the unwavering investor confidence in the company’s solid technological foundation and its potential for continued growth in the online travel sector.
TBO Tek shares debut at 55% premium over issue price
TBO Tek's shares debuted on NSE and BSE at premiums of 55% and 50% respectively. The company's appeal stems from its robust technological foundation, leveraging a proprietary platform. It raised funds from anchor investors for growth and inorganic acquisitions. IPO opening witnessed strong interest. General Atlantic acquired a minority stake in TBO.
TBO Tek shares to debut on Wednesday. What GMP signals ahead of listing
The TBO Tek IPO was booked over 80 times at close on strong interest from non-institutional investors. Ahead of the IPO opening, the company raised nearly Rs 697 crore from anchor investors.
Indegene stock debuts with 46% premium over issue price
Indegene's stock debuts at Rs 659.7, a 46% premium over the issue price. The IPO, oversubscribed 70 times, raised funds for debt and capital expenditure. Revenue reached Rs 1,969 crore for the period ending December 2023.
Chinese smartphone companies looking to expand their footprint face a loud adversary—Indian retailers
Chinese smartphone brands face retailer backlash in India over low margins, delayed payments, and stock issues. Retailers demand higher margins and timely settlements, impacting brands' offline expansion plans in a shifting smartphone market.
Okaya EV MD Anshul Gupta reveals company's future strategy, says not in a price war with Ola
Okaya launches premium brand Ferrato with Disruptor electric bike. Anshul Gupta discusses future plans, FAME subsidy, market share changes, network expansion. Focus on premium products, impact of subsidies, resale value, and EV chargers standardization.
Bacardi high on premiumisation of portfolio in India
According to industry body Confederation of Indian Alcoholic Beverage Companies, alcobev drinks priced over ₹1,000 have grown four times faster than those under ₹500 in calendar 2023. CIABC director general Vinod Giri attributed the increasing trend of premiumisation to a combination of factors.
Purv Flexipack debuts with 266% premium on NSE SME platform
Purv Flexipack shares debut on NSE SME platform with a 266.2% premium. The IPO received over 400 times subscription. The company operates in the thriving Indian plastic industry market, distributing plastic-based products and having subsidiary companies.
Exicom Tele Systems shares list at 87% premium over IPO price
Exicom Tele Systems debuted on the exchanges with an 86.6% premium. The IPO received massive subscription. The net proceeds will be used for setting up production lines, research and development, and for the electric vehicle supply equipment. The company has a market share in DC Power Systems and Li-ion based energy storage solutions.
Medi Assist Healthcare IPO opens on Monday. What GMP signals ahead of subscription?
Medi Assist Healthcare IPO: The initial public offering (IPO) of Medi Assist Healthcare will open for public subscription on January 15 and closes on January 17. Ahead of the issue opening, the grey market premium (GMP) of the company is around Rs 32.
Muthoot Microfin shares to list on Tuesday. What GMP signals ahead of listing?
Muthoot Microfin shares will likely get listed on the exchanges on December 26. Ahead of the listing, the company's shares are commanding a premium of Rs 26 in the unlisted market. Considering the upper price band of Rs 291, the company's shares are expected to list with a mild premium of 9% on the exchanges.
Motisons Jewellers IPO on track to deliver multibagger listing gains. Check GMP
Motisons Jewellers IPO: Motisons Jewellers are holding steady at Rs 78-80 in the unlisted market, indicating multibagger listing gains to investors. The company's shares are expected to list on the exchanges on December 26. At the upper price band of Rs 55, the stock is trading nearly 145% higher than the offer price.
How do shares trade in grey market and what's at stake
The grey market is an unofficial and unregulated market where shares are traded even before they are listed on the main exchanges.
ET Explainer | Grey market premium: All you need to know
Flair Writing Industries and Gandhar Oil Refinery, launching their issues, there has been a lot of discussion about grey market and grey market premium (GMP). ET looks at what these terms mean.
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