That proves again GMP shouldn't be the only basis for applying to IPO
68.3. rohiitian| Link| Bookmark|
December 22, 2023 10:06:53 AM
IPO Guru (1200+ Posts, 800+ Likes)
@Monster Zero have noticed often that strong GMP (with underlying fundamentals), but poor listing due to market sentiment often leads to continuous UC (eg. Siyaram right now). Doesn't give the full picture to look at only listing price, but where the stock stabilizes - while it delays exit by a few days since we want to rotate capital, you may still make the same return if you hold for a week.
67. rohiitian| Link| Bookmark|
December 21, 2023 9:45:55 AM
IPO Guru (1200+ Posts, 800+ Likes)
Terrible listing given GMP and level of over subscription. Let's hope it has post listing demand at this price.