Priority Jewels IPO Day 2: Issue subscribed 17.03x so far. GMP hints 23% listing gain. Should you subscribe?
New Delhi, Aug. 31 -- Priority Jewels IPO opened for public subscription on 28 August and will close on 1 September. The Priority Jewels IPO price band has been fixed at Rs.190- Rs.200 per share.
Priority Jewels IPO GMP today, or grey market premium, is +45. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Priority Jewels share price was indicated at Rs.245 apiece, which is 22.50% higher than the IPO price of Rs.200.
According to recent grey market activity over the past nine sessions, the IPO's grey market premium (GMP) is trending upward today, suggesting optimism for a robust listing. Throughout this timeframe, experts noted that the GMP fluctuated between a lo...
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