shreni as LM and MM can sustain the listing , but if the Markets stays red on listing day , this may be available at par or just a little up.. LM and MM is the major thing here , cuz valuation is surely expensive and it's just a trading company. discount listing in any sme ipi with 40 percent gmp (unsustainable) and expensive valuation can not be ruled out. Example - Sona machinery. company was good , LM hem , but bad markets and unsustainable positive gmp yet discount listing.
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August 5, 2024 1:57:55 PM
IPO Guru (2900+ Posts, 2300+ Likes)
@Rohan BajajWith only for a view of listing this can be applied for. If markets continue reacting negative, then listing may be tepid as well. @MilanS