eMudra IPO Listing: Shares of eMudra Limited are going to hit Dalal Street today as it is going to make its debut on BSE and NSE today. According to the information available on BSE website, eMudhra IPO listing date is 1st June 2022. The BSE website further states that the equity shares of eMudhra Limited will be listed and admitted to the Exchange in the list of ‘B’ group of securities in a special pre-open session. SPOS) at 10:00 am. As per market observers, eMudhra IPO is in GMP (Grey Market Premium) negative territory. However, stock market experts say that eMudra shares can have a positive start today. He added that the eMudra IPO listing price is expected to be around from 250 260 each level.
to speak on emudra ipo listing priceAbhay Doshi, Founder, UnlistedArena.com, said, “eMudra Limited received a soft response from investors due to good pricing and troubled primary market sentiments. The company has significant market share but intense competition cannot be ruled out. Type, as per the current scenario, the problem may be listed around 250 to 260 levels, it means close to its issue price.”
Anticipating a positive opening for the eMudra IPO, Ayush Agarwal, Senior Analyst, Swastika Investmart Ltd. said, “The company is the market leader in India for the digital signature segment with strong recognition globally. The issue received a great response from investors. Although there is not much activity in the gray market, it is difficult to predict the exact listing price. The company does not have a listed peer in India and the price sought valuation was mostly positive. Still, we expect positive Listing for the issue and post listing, long term investors can deposit the stock.”
However, some experts believe that eMudra shares may have a discounted start as there is little activity in the gray market.
Ravi Singh, Vice President and Head of Research, Share India Securities said, “eMudra operates in a highly competitive segment. The current market scenario is not conducive for IPO listing. The company’s past performance and valuations also kept the issue price at a higher level. We expect EML to be listed at a discount price on the day of IPO listing.”
emudra ipo gmp today
According to market observers, eMudra IPO GMP is below zero today 5, which means the gray market is expecting a discounted opening of eMudhra shares. He said eMudra GMP today is minus 5, which means that the eMudhra share will be listed around 251 ( 256 – 5) Per equity share.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.