🚀 IPO GMP on the Rise: Get Ready for the Next Big Thing! 📈
Homegrown IPO market is once again thriving, with a growing trend of investing in IPOs just like in the stock market. In recent years, many IPOs have provided investors with excellent returns, and in the days to come, several companies are bringing IPOs that will offer investors the opportunity to earn money.
One such IPO to look out for is from Aadhar Housing Finance Limited, which aims to raise Rs 3,000 crore through its IPO. The IPO is set to hit the market on May 8th and will remain open for investment until May 10th. The company will issue Rs 1,000 crore worth of new shares under the IPO, while raising Rs 2,000 crore through the offer for sale.
Retail investors can start investing in Aadhar Housing Finance’s IPO from May 8th, with the public issue open for subscription until May 10th. The company’s shares will be listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on May 15th.
The IPO price band has been announced by the company, and even before the IPO opens, Aadhar Housing Finance’s unlisted shares are trading at a premium in the grey market.
In Aadhar Housing Finance Limited’s IPO, the minimum lot size will be 47 shares with a price band of Rs 300 to Rs 315 per share. Retail investors can bid for a maximum of 13 lots or 611 shares, requiring an investment of Rs 1,99,892.
According to IPO Watch, a website tracking grey market trends, Aadhar Housing Finance’s IPO is trending at a premium of Rs 130 in the unlisted grey market. This means that the company could be listed at Rs 445 in the market based on the upper price band of the IPO.
However, it is important to note that if IPO shares trade at a premium in the grey market, the listing price may not necessarily be at a premium, and it could be the opposite.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
