Narayana Hrudayalaya grey market premium falls by 50%
By Palak Shah, ET Bureau | 30 Dec, 2015, 06.41PM IST
MUMBAI: If the grey market bets are anything to go by, the soon to be listed IPO of Bengaluru-based Narayana Hrudayalaya may not see huge listing gains. Sources in the grey market said premium for Narayana Hrudayalaya was down by 50% on Wednesday.
The source said there were many HNIs who were selling Narayana Hrudayalaya shares in the grey market ahead of the listing to book profits. Narayana Hrudayalaya that raised over Rs 613 crore had an IPO price of Rs 250 a share.
The grey market premium for the IPO is down from Rs 60 to Rs 30. Investors had subscribed to the IPO looking at the huge listing gains of Dr. Lal Pathlabs and Alkem Labs.
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December 30, 2015 9:32:53 PM
Top Contributor (400+ Posts, 200+ Likes)
Narayana Hrudalaya closed on 21st and listing of Alkem & Dr Lal Pathlab was on 23rd Dec. How application in NH was overwhelmed due to listing gains in above two? Had it been such, retail application in NH might crossed 4 to 5 times.
Well I remember people crying over the listing of issues like indigo, prabhat dairy and many more. Seems people here mostly write baseless things without proper knowledge. No one can predict listing price. Let''s hope NH falls inline with alkem and Dr.Lal.
JJ, Kostak price is for application. There is no guarantee for allotment. But investor will get that money. Per share price in Grey Market means allotment price. If no allotment then transaction is considered as void. Both parties will get nothing in case of no allotment. If allotment is there then broker is bound to pay Grey market per share price (in case NH Rs. 20 to 22).