Jupiter Hospital IPO: What GMP signals as all eye set on share allotment date
Jupiter Hospital IPO: Bidding for the initial public offering (IPO) closed on 8th December 2023 and in three days of bidding from 6th to 8th September 2023, the book build issue got subscribed 63.72 times. The QIB portion of the public issue received rave response from investors as the issue got subscribed whopping 187.32 times in QIB segment. Now, after closure of suubscription and strong response by investors, bidders are eagerly waiting for Jupiter Hospital IPO allotment date, which is most likely on 13th September 2023 i.e.
on Wednesday this week. Meanwhile, after closure of bidding for Jupiter Hospital IPO, grey market sentiment has gone down despite positive sentiments on Dalal Street. As per the market observers, on first day of the fresh week, shares of Jupiter Life Line Hospitals Limited are available at a premium of ₹225 per equity share, which is ₹35 lower from its weekend premium of ₹260.
Market observers said that Jupiter Hospital IPO grey market premium (GMP) today is ₹225, which is ₹35 lower from weekend grey market premium of ₹260. They said that grey market sentiments going down is ashtonishing as the issue received whopping response from investors and secondary market sentiments are also positive. They said that most of the key benchmark indices — Sensex, Nifty and Bank Nifty are close to its life-time high and market may hit a new peak in near term.
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