Muthoot Microfin IPO listing date tomorrow. GMP, experts see decent debut of shares
Muthoot Microfin IPO: Listing date for the initial public offering (IPO) of Muthoot Microfin Limited has been fixed on 26th December 2023. As per the information available on BSE website, Muthoot Microfin share price will list on BSE and NSE during Tuesday deals in special pre open session. Muthoot Microfin IPO listing will take place in 'B' group of securities.
"Trading Members of the Exchange are hereby informed that effective from Tuesday, December 26, 2023, the equity shares of Muthoot Microfin Limited shall be listed and admitted to dealings on the Exchange in the list of 'B' Group of Securities," says BSE notice. Meanwhile, Muthoot Microfin IPO has gained strength in grey market ahead of listing date. As per the stock market observers, Muthoot Microfin share price is available at a premium of ₹34 in grey market today.
According to stock market experts, Muthoot Microfin IPO received decent response from investors and it has remained steady in grey market after closure of its subscription. They said that Muthoot Microfin IPO listing price may take place at a premium of ₹30 to ₹35, which means the financial stock may list in ₹321 to ₹326 per share. They said that one can expect around 10 per cent listing gain from the Muthoot Microfin IPO listing.
Speaking on expected Muthoot Microfin IPO listing price, Arun Kejriwal, Founder at Kejriwal Research and Investment Services said, "The public issue received decent response from investors but outlook of the company doesn't sound strong as the entire sector is expected to face challenge on the liquidity front from big sized lenders. But, due to overcrowded primary market, I am expecting that Muthoot Microfin share price may list at a premium of ₹30 to ₹35. This means Muthoot
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