GMP cant be trusted any more after bitter experiences like HUDCO, SChand and other recent listings. HNIs made lot of loss in these 2 IPOs due to high GMP and low listing.
Watch out it is Motilal ** MAS Financial Services has got the nod from the market regulator, Securities and Exchange Board of India (SEBI) to come up with its initial public offerings. The capital markets regulator issued final observations on the IPO proposal of MAS Financial Services. Gujarat-headquartered NBFC, MAS Financial Services Ltd. with more than two decades of business operations aims to fetch up to Rs 5,500 million comprising of fresh issue aggregating up to Rs 3,074 million and an offer for sale by selling shareholders aggregating up to Rs 2,426 million. The company, in consultation with the BRLM, is considering a private placement of up to 4,100,000 Equity Shares for cash consideration aggregating up to Rs 1,350 million, at its discretion, prior to the filing of the Red Herring Prospectus with the RoC (“Pre-IPO Placementâ€). If the Pre-IPO Placement is completed, the size of the Fresh Issue will be reduced to the extent of such Pre-IPO Placement, subject to compliance with Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended (“SCRRâ€). The net proceeds from the fresh issue will be utilised towards augmenting its capital base to meet future capital requirements. Motilal Oswal Investment Advisors Private Limited is the book running lead manager to the issue.
I think it''s GMP should be 50-60. A very small subsidery company, not so much profits last year''s. And grey market premium as time spend, will decrease upto 10-20per share.