Prudential Corporate IPO: The bidding for the public issue of Prudent Corporate Advisory Services IPO (Initial Public Offering) ended yesterday and now the bidders are awaiting the announcement of share allotment. Prudent Corporate IPO Public Offering Price, after 3 days of bidding as per subscription status 538.61 crore has been subscribed 1.22 times while its retail segment is subscribed 1.29 times. However, the gray market sentiment regarding the Prudent Corporate IPO continues to weaken. As per market observers, Prudent is available at a premium to the corporate share 3 in the gray market today.
Prudent Corporate IPO GMP Today
Market observers said Prudential Corporate IPO GMP today is 3, which is 9 less than yesterday’s gray market premium 12. He said that after his debut in the gray market 40 GMP, Prudent Corporate IPO GMP is on a continuous decline and has declined in the last four days. from 40 3, which is mainly on account of negative sentiments in global equity markets including Dalal Street. He added that the indifferent response by investors to the public issue further hurt the gray market sentiments with regard to the Prudent Corporate IPO.
What is the point of this Prudent Corporate IPO GMP?
Market Observer Says Prudent Corporate IPO is GMP Today 3, which means the gray market is expecting the Prudent Corporate IPO listing to happen 633 ( 630+ 3), which is equal to its price band from 595 630 per equity share. He further added that the gray market is trying to signal that Prudent Corporate IPO listing may be par for the course if secondary market sentiment remains negative.
However, stock market experts said that the GMP is not a perfect indicator about the success of the IPO’s failure. He added that the gray market premium is an unofficial data, which is also non-regulated. Hence, one should look at the balance sheet of the company rather than the gray market sentiments as the financial position of the company gives a better and concrete picture of the company.