Paradip Phosphates IPO listing date is fast approaching as the likely date of Paradip Phosphates share listing is 27th May 2022. While the exact premium will become public after the share listing at around 10 am on Friday, the gray market is indicating ‘par listing’ of Paradip Phosphates shares. He said that despite attractive pricing of the public issue, Paradip IPO received a sluggish response from investors. According to market experts, Paradip Phosphate shares are available at a premium. 0.50 per share.
Paradip IPO GMP Today
According to market experts, Paradip IPO GMP stable for the last four days 0.50 per share level. Despite being offered at attractive valuations, the public issue has received a sluggish response, he said. He said the gray market is indicating that Paradip’s IPO may have a similar listing around its issue price. from 39 42 per share. He added that the secondary market sentiment is bearish and this could be a possible reason for the moderation in gray market sentiment on public issue.
However, stock market experts believe that Paradip Phosphate’s IPO listing may be around the corner. 45 to 52 levels.
Paradip Phosphate IPO Listing: What Analysts Have to Say
Speaking on the Paradip IPO listing price, Ravi Singhal, Vice Chairman, GCL Securities said, “The gray market sentiment should not be taken so seriously as the public issue has a fair value and may get listed around Rs. 45 to 54. If the price of pre-listing peers pulls down due to negative secondary market sentiment, this decline should be viewed as a buying opportunity.
Expecting a similar listing for Paradip IPO, Abhay Doshi, Founder, UnlistedArena.com, said, “Like other IPOs, Paradip Phosphates Ltd. too received a sluggish response from the market participants due to continued selloff in the broader markets. However, Paradip Phosphates Ltd. was fair valued as compared to its competitors. Thus, looking at the market conditions, it seems likely, Paradip Phosphates Ltd. will also be listed at par with its issue price.”
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.