Go Fashion IPO GMP today is ₹560, which simply means grey market expects that Go Fashion shares would list at around ₹1250 ( ₹690 + ₹560), market observers said.
Go Fashion IPO (Initial Public Offering) opens for subscription today and it will remain open for bidding till 22nd November 2021. So, those who want to apply for the public issue worth ₹1,013.61 crore are busy scanning balance sheet of the company to find out details related to its financials. For such potential bidders, there is a piece of good news. As per market observers, Go Fashion shares are trading at a premium of ₹560 in the grey market today, which is ₹30 up from its yesterday’s premium.
As mentioned above, Go Fashion IPO GMP (grey market premium) today is ₹560, which is ₹30 higher from its yesterday’s GMP of ₹530. On Monday, GO Fashion IPO GMP had jumped from ₹430 to ₹530, logging ₹100 rise in its share price in the grey market. Market observers believe that such rise in Go Fashion IPO grey market premium may lead to robust response from the bidders as some section of the IPO bidders take grey market numbers quite seriously.
Go Fashion IPO subscribe or not
Go Fashion IPO (Initial Public Offering) opens for subscription today and it will remain open for bidding till 22nd November 2021. So, those who want to apply for the public issue worth ₹1,013.61 crore are busy scanning balance sheet of the company to find out details related to its financials. For such potential bidders, there is a piece of good news. As per market observers, Go Fashion shares are trading at a premium of ₹560 in the grey market today, which is ₹30 up from its yesterday’s premium.
As mentioned above, Go Fashion IPO GMP (grey market premium) today is ₹560, which is ₹30 higher from its yesterday’s GMP of ₹530. On Monday, GO Fashion IPO GMP had jumped from ₹430 to ₹530, logging ₹100 rise in its share price in the grey market. Market observers believe that such rise in Go Fashion IPO grey market premium may lead to robust response from the bidders as some section of the IPO bidders take grey market numbers quite seriously.
Go Fashion IPO subscribe or not
Advising bidders to look at company financials instead of grey market premium; Avinash Gorakshkar, Head of Research at Profitmart Securities said, “Grey market premium is not a guarantee for listing gain. So, one should look at the financials of the company. The public issue is almost OFS in nature (out of ₹1013.61 crore, only ₹125 will come from fresh issues) and the valuations of the issue is also higher. One can expect some bullish trend in the issue due to the recent buzz in textile sector. So, bidders are advised to go by the balance sheet of the company very minutely rather relying on the GMP.”
