IPO GMPs, Sept. 29 -- The primary market is expected to remain active in the week starting September 29, with five new IPOs worth over Rs.3,852 crore opening for subscription, and 11 companies set to make their market debut.
In addition to these fresh issues, several IPOs that opened last week are scheduled to close in the first two days, with allotments likely to be finalised shortly thereafter.
Before applying for an IPO, investors now often look at their GMPs. GMP, or Grey Market Premium, represents the unofficial premium at which IPO shares are traded in the grey market before listing. It reflects investor demand and sentiment, offering an early indication of how the stock may perform on its listing day. A positive GMP suggests high...
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