Go Fashion IPO: What GMP Hints After Announcement of Share Allocation

Go Fashion IPO GMP

Go Fashion IPO GMP (Grey Market Premium) Today, According to Market Observers 500, which is 20 up from yesterday evening’s gray market premium 480. They Said Yesterday Morning, The Go Fashion IPO Was GMP 540 that drowned 480 by the evening. But, there was some correction in the share price of Go Fahian in the gray market this morning. Market observers said this rise in GoFashion IPO GMP is a good sign as the rise has been registered after heavy bloodshed on Dalal Street.

What does this GMP mean?

Market Observers Further Says Go Fashion IPO Is GMP Today 500, which means the gray market is expecting the Go Fashion stock price list to be around 1190 ( 690+ 500), which is more than 70 percent of its price band from 655 690 per equity share.

However, stock market experts say that the gray market is not an ideal indicator for estimating a public issue. He said that it is the financial position of the company that gives an ideal picture about the company and advised the lucky bidders of GoFashion IPO to stay away from drawing any conclusion from this increase in GoFashion IPO GMP.

Better listing gains expected from Go Fashion IPO; Ravi Singh, Head of Research and Vice President, ShareIndia said, “In the current market scenario, most IPOs are expected to perform well. We expect the GoFashion IPO to also get a good response during the listing. The textiles sector will see a boost. Long term I also help Go Fashion. However, we advise investors to book premium at the time of listing.”

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