Economic TimesLean R·
MV Electrosystems IPO allotment expected today; GMP signals 24% listing gain. Here's how to check your allotment status
The company's shares are slated to make their stock market debut on August 6. Ahead of the listing, the IPO continues to enjoy strong traction in the grey market, with a Grey Market Premium (GMP) of around Rs 100 per share. This suggests a potential listing gain of nearly 24% over the upper issue price of Rs 425. However, investors should note that the GMP is an unofficial indicator of market sentiment and can fluctuate before the listing.
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