Davin Sons Retail IPO listing today. Here's what GMP indicates
Davin Sons Retail will debut on the BSE SME platform on Thursday. Ahead of the listing, the company's shares were trading with a GMP of Rs 5 in the grey market.
Considering the upper price band of Rs 60, the stock is expected to see a listing premium of 9% over the issue price.
However, it is important to note that grey market premiums are just an indicator as to how the company's shares are stacked up in the unlisted market and are subject to change rapidly.
The IPO, which was completely a fresh equity sale of 15.96 lakh shares, received a decent response of 120 times at close.
The net proceeds from the IPO will be utilized to finance capital expenditures for the purchase of a warehouse, partially fund working capital requirements, and support general corporate purposes.
Stock Trading
Masterclass on Value Investing and Company Valuation
Stock Trading
Market 104: Options Trading: Kickstart Your F&O Adventure
By — Saketh R, Founder- QuickAlpha, Full Time Options Trader
Stock Trading
Technical Analysis for Everyone — Technical Analysis Course
By — Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities
Stock Trading
Stock Markets Made Easy
By — elearnmarkets, Financial Education by StockEdge
Stock Trading
Renko Chart Patterns Made Easy
By — Kaushik Akiwatkar, Derivative Trader and Investor
Stock Trading
Market 101: An Insight into Trendlines and Momentum
By — Rohit Srivastava, Founder- Indiacharts.com
Stock Trading
Markets 102: Mastering Sentiment Indicators for Swing and Positional Trading
By — Rohit
