IPO GMP Check: SBI Funds Management IPO vs Alpine Texworld IPO - What grey market signals ahead of listings?
New Delhi, July 18 -- Two Initial Public Offerings (IPOs)-SBI Funds Management and Alpine Texworld - ended their final day of bidding on July 16 after opening on July 14. Following strong demand for the public issues, the IPOs finalised share allotment yesterday, July 17.
Ahead of listing on Tuesday, July 21, let's track what the latest grey market premium (GMP) trends suggest for these 2 issues. Which one is likely to perform better at listing?
Here's a comparison of the two issues, including their latest GMP, final subscription status, and issue details.
The SBI Funds Management IPO is commanding a GMP of Rs.91. Based on the upper price band of Rs.574, the estimated listing price stands at Rs.6 per share, indicating a potential listi...
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