Campus Activewear IPO: The Initial Public Offer (IPO) of Campus Activewear Limited is going to open on 26 April 2022 and will be open to the subscribers till 28 April 2022. Rs 1,400.14 crore is going to come in the primary market next week. However, the gray market has already begun to signal about the primary market sentiment regarding the public offer. According to market observers, campus activewear is available at a premium to its share 53 in gray market today, which bodes well for a public issue before its opening.
Campus Activewear IPO GMP Today
According to market experts, Campus Activewear IPO Gray Market Premium (GMP) is today 53, which is 7 less than yesterday’s gray market premium 60. However, this is a good sign for the public issue as it is still 3 days away from its subscription opening and it is showing around 18 to 20 percent premium for the public offer. He said that after the subscription opens on Tuesday next week, the sentiment could go further.
What does this Campus Activewear IPO GMP mean?
Campus Activewear IPO is GMP Today, According to Primary Market Observer 53 means gray market is expecting to list around this IPO 345 ( 292 + 53), about 18 percent higher than its upper price band 292 per equity share. He added that the next two days will be a stock market holiday and the campus activewear IP gray market premium being at such a high level before the subscription opening is a good sign for a public issue. This may be reflected in the strong membership of the IPO when it opens on April 26.
However, stock market experts advised investors to rely on the company’s balance sheet rather than gray market sentiment. He said the gray market premium of a public offering is an informal data indicating the expected premium from an IPO on a particular date. It changes regularly and has nothing to do with the balance sheet of the company. He added that the gray market also includes those who have a stake in the IPO. Hence, the gray market signal may be artificial and may change substantially by the time the public issue is listed on the Indian stock exchanges. Therefore, one must rely on the fundamentals of the company, which can be seen through the balance sheet of the company.