RateGain IPO: What does GMP (Grey Market Premium) indicate after share allotment

RateGain IPO GMP

Market Observers Said RateGain IPO GMP Is Today 35, which is 5 more than yesterday’s gray market premium (GMP) 30. He said RateGain IPO gray market price is moving around 30 to 35 which can be taken as an indication that RateGain Travel Technologies shares are stable in this range for almost a week. He added that such trends in the gray market indicate about modest listing gains from the IPO.

What does this GMP mean?

RateGain Travel Technologies IPO GMP Today, According to Market Observers 35 means the gray market is expecting RateGain Travel Technologies shares to list around 460 ( 425+ 35), which is 8 per cent higher than its price band from 405 425 per equity share.

However, stock market experts said that GMP is an unofficial data and has nothing to do with the financial position of the company. He said it is the balance sheet of the company which gives an ideal picture of the financial health of the company and not the GMP.

Highlighting the fundamentals in favor of RateGain IPO, research report by Anand Rathi states, “RateGain Travel Technologies serves a large and rapidly growing total addressable market. Estimated to be a $5.91 billion market, with an estimated $11.47 billion in 2025 at an 18 percent CAGR. $4.34 billion in 2021 of enterprise applications focused on guest acquisition, distribution, revenue maximization and wallet share expansion in the hospitality and travel industry has a serviceable addressable market size, expected to grow to an estimated US$8.45 billion in 2025. This is a large and rapidly growing addressable market opportunity for a vertically specific platform company like ours. In later times digitization has been carried forward by the industry tailwind.”

Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.