Aditya Birla AMC IPO: What GMP Indicates As All Eyes On Listing Date

Aditya Birla IPO Gray Market Premium

Market observers further said that Aditya Birla AMC IPO GMP (Grey Market Premium) is today ₹17, which is ₹18 less than your Thursday’s GMP ₹35. He said that Aditya Birla AMC IPO on Wednesday and Thursday has come down once again after a jump in the gray market price. He said that this was expected after the announcement of share allotment as the shares of Aditya Birla AMC have risen. ₹2 discount on premium of ₹35 in just two days. They said that ₹17 The premium is an indication that the gray market is expecting a ‘marginal listing profit’ from the public issue.

what does this gmp mean

Market experts say that the sentiment regarding the IPO of Aditya Birla AMC is more or less the same. ₹17 GMP simply means Expected Aditya Birla AMC IPO Listing Price ₹729 ( ₹712+ ₹17) – marginally higher than the issue price band of ₹from 695 ₹712 per equity share. However, market observers said that the gray market is an unofficial data and one should not rely on it blindly. One should look at the financial position of the company as the balance sheet of the company speaks better than the gray market.

Speaking on the fundamentals regarding Aditya Birla AMC IPO; UnlistedArena.com founder Abhay Doshi said, “in the upper band of” ₹712, the issue price is in line with its listed counterparts. Based on FY21 earnings, the issue is seeking a PE multiplier of 39, which seems moderate and is leaving little room for short-term investors. The long-term prospects of the company are impressive due to the huge under-penetration in capital markets, but at the same time, there are several options to drive this theme.”

Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.