April 26, 2023
admin
GMP of Mankind Pharma
In spite of strong rally of the Sensex, no trades are seen at GMP counter of Mankind Pharma. The grey market is worried, how the IPO will get oversubscribed for NII and Retail categories, if there are no GMP trades.
GMP: Rs.26, No trades
Retail Kostak Rs.600, No trades
Retail Subject to Rs. 550, No trades
Rs.2 L application Rs. 2000, No trades
Rs. 10 L (Big HNI) applications Rs. 9000, No trades
Grey Market is an unregulated market to trade IPO applications and IPO shares before listing of the stock. An investor may not trade in the grey market, but an idea of the GMP can be used to estimate the listing gain on the IPO share. GMP or Grey Market Premium adding to issue price gives the estimated listing price of the IPO share.
