Fusion Microfinance IPO: After the allotment of shares, the bidders for the IPO (Initial Public Offering) are eagerly waiting for the Fusion Microfinance IPO listing date, which is most likely to happen on 15th November 2022. Public Issue Price in three days bidding from November 2 to 4, 2022 1,103.99 was subscribed 2.95 times, while its retail portion was subscribed 0.51 times. Meanwhile, the gray market premium (GMP) of Fusion Microfinance IPO is indicating a sluggish listing of the public issue as the shares of Fusion Microfinance Limited are available at a premium. Today in the gray market.
Fusion Microfinance IPO GMP Today
According to market observers, Fusion Microfinance IPO GMP Today Is 7, which is 2 more than yesterday’s GMP 5 per equity share. Market observers said the gray market sentiment remained at par with the IPO’s price band, which is evident after the weak response from investors during the three days of bidding. He said despite a trend reversal on Dalal Street on Friday, the gray market sentiment remains muted. He said the gray market is indicating that the public issue may have a par listing when its shares debut in the secondary market.
What does this GMP mean?
Market observers said the Fusion Microfinance IPO GMP today is 7, which means the gray market is expecting that the Fusion Microfinance IPO could be around the listing price. 375 ( 368+ 7), which is equivalent to the Fusion Microfinance IPO price band from 350 368 per equity share. He said Fusion Microfinance IPO has failed to improve its performance in the gray market despite trend reversal on Friday. It refers to the ‘monotonous’ listing of Fusion Microfinance shares.
However, stock market investors cautioned the bidders and said that GMP is not an ideal indicator regarding the listing premium that can be expected from an IPO. He added that GMP has no relation with the company’s balance sheet and is purely speculative. Hence, one should stick to the fundamentals and rely on the financials of the company rather than the gray market premium.
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