PN Gadgil Jewellers IPO: After the announcement of the allotment status for PN Gadgil Jewellers IPO, allottees and stock market watchers are eagerly waiting for the IPO listing date. The listing is expected to happen on 17th September 2024, which is tomorrow.
According to the ‘T+3’ listing rule, the shares must be listed within three working days after the close of the subscription period. Since bidding for PN Gadgil Jewellers IPO ended on 12th September 2024, the expected listing date is 17th September 2024.
PN Gadgil Jewellers IPO GMP Today
In the lead-up to the listing date, shares of PN Gadgil Jewellers continue to trade at a high premium in the grey market. As per market experts, the company’s shares are currently trading with a Grey Market Premium (GMP) of ₹301. This means the grey market anticipates a strong listing price for the shares.
However, it is worth noting that today’s GMP of ₹301 is ₹29 lower than Friday’s GMP of ₹330. Market observers have attributed this decline in GMP to the weak market close on Friday. Despite this small drop, the GMP still signals that PN Gadgil Jewellers’ IPO is expected to list at a considerable premium.
PN Gadgil Jewellers IPO Listing Price Prediction
Based on the current GMP of ₹301, market experts predict that the listing price for PN Gadgil Jewellers’ IPO could be around ₹781. This figure is derived from the issue price of ₹480 plus the ₹301 premium. As a result, grey market activity suggests that investors may expect a listing gain of approximately 63% on their investment.
However, stock market analysts caution investors against relying solely on the grey market premium as an indicator of listing performance. They remind investors that the grey market operates outside the regulatory framework and has no direct connection to the financial health or balance sheet of the company.
Experts recommend that PN Gadgil Jewellers’ IPO allottees focus on the company’s financial fundamentals and maintain confidence in their investment decisions based on a thorough analysis of the company’s financial reports rather than grey market trends.
Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.