Avalon Technologies IPO: What does GMP indicate after the announcement of share allotment

avalon technologies ipo gmp today

According to stock market observers, Avalon Technologies IPO GMP (grey market premium) today is 10, which is 5 more than your GMP yesterday 5 per share. Market observers say the increase in GMP can be attributed to the continued rise in prices indian stock market As Sensex, smelly And the Bank Nifty has registered gains for eight consecutive days. However, he added that due to the lukewarm response from investors, the gray market turned negative towards the public issue as it got subscribed less than 100 per cent in all categories except QIBs.

What does this GMP mean?

Market observers added that Avalon Technologies IPO GMP is today 10, Which Means The Gray Market Is Hoping For Avalon Technologies IPO listing price will be around 446 ( 436+ 10), which is comparable to its price band from 415 436 per equity share. Market observers said that the gray market is indicating that the shares of Avalon Technologies may have a par listing on the share listing date.

However, stock market experts say that gray market sentiment should not be taken blindly as it is unregulated and purely speculative. He advised investors to scan the financial position of the company as it reflects the solid fundamental picture of the company.

Avalon Technologies’ IPO was subscribed 2.34 times with strong response from QIB category investors. The retail portion of the public issue was subscribed 0.88 times while its QIB category was subscribed 3.77 times. The public issue was subscribed 0.43 times in the NII segment.