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Innova Captab IPO GMP, Latest GMP

Innova Captab gmp

Innova Captab IPO GMP Details:

Innova Captab brings its IPO of Rs. 570 Crore and opens for subscription from December 21, 2023, to December 26, 3023. The company decided the issue a price of Rs. 426-448 per share. (Innova Captab IPO Details)

Innova Captab current GMP is Rs.35, so the expected listed price is Rs.483 (Including the issue price), and the net gain per share will be 7.81%. 

Innova Captab Company IPO Day-wise GMP Trends

Date of GMP Issue 

Price

Latest

GMP Price

Estimated

listing Price

GMP in

Percentage 

December 28, 2023 448 35 483 7.81%
December 27, 2023 448 119 557 26.56%
December 26, 2023 448 100 548 22.32%
December 25, 2023 448 160 608 35.71%
December 24, 2023 448 160 608 35.71%
December 23, 2023 448 100 548 22.32%
December 22, 2023 448 100 548 22.32%
December 21, 2023 448 100 548 22.32%
December 20, 2023 448 211 659 47.01%

Innova Captab IPO Review & Rating

Issue Size  Rs. 570 Crore
Issue Price  Rs. 426-448 per share 
Minimum Lot Size 33 Shares
Total Profit (March 2023)  Rs. 17.59 Crore
P/E (x) 31.64%
ROCE 22.61%
Listing on NSE and BSE
IPO Deliver Rating Four

 

Innova Captab IPO Dates, Price Band & Details

Innova Captab IPO will open on December 21, 2023, and close on December 26, 2023. The IPO list on December 29, 2023.  

Type of issue Book Built Issue IPO
Issue Size Rs. 570 Crore
Price Brand Rs. 426-448
Face Value Rs. 10/- per share
IPO Open Date December 21, 2023
IPO Close Date December 26, 2023
IPO Allotment Date December 27, 2023
Refund Date December 28, 2023
Share Credit Date December 28, 2023
Listing Date December 29, 2023

 

#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:

  1. Current Market Condition 
  2. History of the Company and its Promoters
  3. Company’s past performance 
  4. 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.

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