Mangal Electrical IPO Grey Market: What Does It Mean for You?
Are you investing Mangal Electrical’s IPO? If Yes, Here’s some exciting news- the company’s shares are very active in the grey market.
Market analyst and observers report that these shares are trading at a ₹21 premium today.
Eventually, the Grey Market Premium (GMP) for Mangal Electrical IPO is of ₹21, This explains that If this premium holds, investors could see a potential listing gain of around 4% compared to the IPO’s upper price band of ₹561.
So, if you’re planning to invest, this early market signal could be a promising indicator of good returns!
- Mangal Electrical IPO Size and Lot Size:
- The company aims to raise ₹400 crore by issuing fresh shares, with one lot consisting of 26 shares.
- Mangal Electrical IPO Registrar:
- Bigshare Services Private Limited is the official registrar.
- Mangal Electrical IPO Lead Manager:
- Systematix Corporate Services is the lead manager.
As someone who trades, Mangal Electrical IPO might look promising with a ₹21 grey market premium and a strong price band of ₹533-₹561. Listing gains seem likely, making it worth watching closely. But puting money in such things is always subjected to sentimental shifts. Being cautious shall always be the option.
(With Inputs)