Jyoti CNC Automation IPO GMP
Jyoti CNC Automation brings its IPO of Rs. 1000 Crore and opens for subscription from January 09, 2024, to January 11, 2024. The company decided an issue a price of Rs.331 per share.
(Jyoti CNC Automation IPO Details)
Jyoti CNC Automation’s current GMP is Rs.42
Jyoti CNC Automation Company IPO Day-wise GMP Trends
| Date of
GMP |
Issue
Price |
Latest
GMP Price |
Estimated
listing Price |
GMP in
Percentage |
| Jan 15 | Rs.331 | Rs.42 | Rs.373 | 12.69% |
| Jan 13 | Rs.331 | Rs.44 | Rs.375 | 13.29% |
| Jan 12 | Rs.331 | Rs.44 | Rs.375 | 13.29% |
| Jan 11 | Rs.331 | Rs.44 | Rs.375 | 13.29% |
| Jan 10 | Rs.331 | Rs.77 | Rs.375 | 23.26% |
| Jan 09 | Rs.331 | Rs.100 | Rs.431 | 30.31% |
| Jan 08 | Rs.331 | Rs.84 | Rs.415 | 25.38% |
| Jan 07 | Rs.331 | Rs.70 | Rs.401 | 21.15% |
| Jan 06 | Rs.331 | Rs.64 | Rs.395 | 20.24% |
| Jan 05 | Rs. 331 | Rs. 63 | Rs.394 | 19.03% |
| Jan 04 | Rs.331 | Rs.98 | Rs.429 | 29.61% |
| Jan 03 | NA | 60 | NA | NA |
#1. WHAT DOES MEAN OF GREY MARKET PREMIUM (GMP)?
We start with the word “Grey Market”, as its name implies is neither a white market nor a black market. The grey market is something between the white market and the black/unregulated market. The grey market is completely unofficial.
Grey Market Premium (GMP) means something extra from the IPO issue price which is called a premium. The IPO Grey market premium is a price where an IPO is trading in an unofficial market till its listing. In this Grey Market, IPO’s stakeholders trade(buy/sell) with the company share.
The Grey Market Premium (GMP) period starts a couple of days before the IPO opening date and continues till the IPO listing day.
#2. How does Grey Market Premium(GMP) decide?
Well, this is an unofficial market, however, while considering the Grey Market Premium (GMP) below-mentioned factors considered:
- Current Market Condition
- History of the Company and its Promoters
- Company’s past performance
- Company’s product/service value in the market, etc.
We do not advise relying on this price, it is only market trends nothing else. An investor should get expert advice before investing in the share market.