Divgi TorqTransfer Systems IPO: What GMP signals ahead of share listing date

Divgi TorqTransfer Systems IPO GMP today

market observers said Divgi TorqTransfer Systems IPO GMP today Is 35, which is Friday 10 down is GMP 45. He said that Divgi TorqTransfer Systems IPO GMP is moving down from last two days as secondary market sentiment has been weak in last two sessions last week. He further said that in the last two days, Divgi TorqTransfer Systems IPO has fallen from GMP since 73 35, which is more than 50 percent depreciation in this time. However, he added that despite heavy selling in the past two days, the Divgi TorqTransfer Systems IPO remains in GMP positive territory, which is a good sign. He said that the gray market is trying to signal that Divgi TorqTransfer Systems IPO listing May be sluggish but it is expected to fetch premium to allottees.

Market observers said that Divgi TorqTransfer Systems IPO remains GMP positive despite negative sentiments on Dalal Street, which is a good sign from the gray market.

What does this GMP mean?

Market observers further said that Divgi TorqTransfer Systems IPO is GMP today 35, which means the gray market is expecting the Divgi TorqTransfer Systems IPO listing to be around 625 ( 590+ 35), which is 6 percent above the price band of Divgi TorqTransfer Systems IPO since 560 590 per equity share.

However, stock market experts advised allottees of Divgi TorqTransfer Systems IPO to stick with their conviction developed after scanning the balance sheet of the company. He added that GMP is not an ideal indicator regarding potential listing gains from an IPO as it is non-regulated and purely speculative. He further added that GMP can also be artificial as sometimes it involves people who have a high stake in a public issue.