DCX Systems IPO: What GMP Indicates as All Eyes on Share Listing Date

DCX Systems IPO GMP Today

Market observers said DCX Systems IPO Gray Market Premium (GMP) today is 90, which is 5 more than Wednesday’s closing price. He added that following the trend reversal on Dalal Street, the gray market with respect to the DCX IPO has turned extremely bullish and expects the DCX Systems shares to have a strong start to the listing date. He further added that the overall trend on Dalal Street is still positive, reflecting strong listing premium expectation from the public issuer.

What does this GMP mean?

Market Observers Further Says DCX Systems IPO Is GMP Today 90, which means the gray market is expecting DCX Systems IPO listing 297 ( 207 + 90), which is more than 40 percent of its price band since 197 207 per equity share. If the bullish trend continues on Dalal Street, the gray market is indicating that the DCX Systems IPO listing price will be around the corner, he added. 300 where a lucky allottee can expect a listing benefit from 90 100 per share.

However, stock market experts said that the GMP is not an ideal indicator about the potential listing premium from the public offering. He said GMP is purely speculative number as it has nothing to do with the balance sheet of the company. He further added that GMP is non-regulated and hence it may also be synthetic. So, one should scan the basics and financial position of the company instead of these speculative GMP numbers of IPO.

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