The Bharat Highways InvIT IPO is scheduled for listing today on both the BSE and NSE at 10:00 IST. Units will be traded in market lots of 100 units during a special pre-open session. According to an exchange filing, the units will be listed in the ‘IF’ Group of Securities.
Market experts are optimistic about the IPO’s listing, despite the current subdued market trends. Arun Kejriwal, Founder of Kejriwal Research and Investment Services, predicts a premium of ₹1.55 to ₹1.85 per share on the listing. He advises allottees to consider holding the stock for medium to long-term gains.
VLA Ambala, a SEBI Registered RA and Founder of SMT Stock Market Today, notes that Bharat Highways InvIT relies on government-backed policies. Although its fundamentals indicate profitability, the IPO is priced at a discounted NAV. Ambala expects a marginal premium between 7% to 30%, citing support from reputable bankers and mutual fund firms, along with a 30-day lock-in period.
The grey market premium (GMP) for Bharat Highways InvIT IPO is +2, indicating a premium of ₹2 in the grey market. Analysts suggest that based on the upper end of the IPO price band and the current grey market premium, the estimated listing price could be ₹102 per share, a 2% increase over the IPO price of ₹100.
Considering the upward trend in the last 20 sessions of grey market activities, today’s GMP points towards a strong listing. The GMP ranges from ₹0 to ₹2, indicating investors’ willingness to pay more than the issue price.”
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