Voler Car shares to list on NSE SME platform today. Check GMP ahead of listing
NSE SME platform on Wednesday, February 19.
Ahead of their listing, the shares of the company are trading with a grey market premium (GMP) of Rs 4-5 or 5% in the unlisted market.
Thus, the GMP indicates a decent demand among the market participants as the premium in the grey markets are only marginally higher from the upper band of the IPO price.
Voler Car IPO was priced in the range of Rs 85-90 apiece, where investors had to make a bid for at least 1,600 shares in one lot and in multiples thereafter.
However, it is important to recognize that the GMP is merely an indicator of how a company’s shares are performing in the unlisted market and can fluctuate rapidly.
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