Muthoot Microfin IPO Gmp: Understanding Grey Market Premium and Listing

The Muthoot Microfin IPO GMP has been a hot topic in the market, with many investors eager to know the Grey Market Premium and Listing details.

The Grey Market Premium for Muthoot Microfin IPO has been trending upwards, indicating a strong demand for the issue.

Investors are keen to know the listing price and the premium they can expect, which will be determined by the market forces after the IPO listing.

The listing price of Muthoot Microfin IPO is expected to be around Rs. 55-60, based on the upper end of the price band of Rs. 44-46 per share.

The grey market premium (GMP) is a crucial factor to consider when evaluating the Muthoot Microfin IPO. It's the price at which the IPO is traded in an unofficial market prior to its listing.

A positive GMP premium suggests that the IPO is likely to be at a profit on the day of listing, while a negative GMP indicates that the IPO is likely to be at a discount.

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The GMP for Muthoot Microfin has been quite volatile, with prices fluctuating significantly over the past few weeks. On December 21, the GMP was ₹60, but by December 18, it had soared to ₹90.

Here's a breakdown of the GMP rates for Muthoot Microfin over the past few weeks:

As you can see, the GMP has been steadily increasing, which could be a good sign for investors. However, it's essential to remember that the GMP is subject to extreme volatility, so an investment decision based solely on it can be risky.

The IPO is proposed to be listed on the BSE and the NSE on December 26 at 10 am, so it's essential to keep a close eye on the GMP rates leading up to the listing.

The Muthoot Microfin IPO listing price is expected to be around ₹321 to ₹326 per share, a premium of ₹30 to ₹35 from the issue price.

Intriguing read: Share Value of Muthoot Finance

Market experts have predicted a 10 per cent listing gain from the IPO listing.

The lender has a well-diversified funding profile that underpins its liquidity management system, credit rating, and brand equity.

Grey market is signaling an 11 per cent listing gain for allottees of Muthoot Microfin IPO, with a listing price of around ₹323.

However, experts warn that grey market is not an ideal indicator to assess listing gain from a public issue.

The IPO received a decent subscription of about 12x, with a robust opening on its listing day expected.

The equity shares of Muthoot Microfin are proposed to be listed on the BSE and the NSE on December 26 at 10 am.

The Muthoot Microfin IPO is set to open on 18th Dec 2023 and close on 20th Dec 2023.

You can expect the basis of allotment to be finalised on 21st Dec 2023.

Here's a breakdown of the IPO timeline:

The IPO dates are crucial for investors to mark in their calendars. The Muthoot Microfin IPO is scheduled to open on December 18th, 2023.

The IPO will be open for a limited time, closing on December 20th, 2023. This is the last day to apply for the IPO.

The basis of allotment will be finalized on December 21st, 2023. This is an important date for investors to know.

Refunds will be initiated on December 22nd, 2023. This is the day when investors who did not receive the allotted shares will get their money back.

Credit of shares to the demat account will also happen on December 22nd, 2023. This is when investors will receive their shares.

The IPO listing date is set for December 26th, 2023. This is the day when the shares will be listed on the stock exchange.

The Muthoot Microfin IPO is making waves in the market, and today's grey market premium is a key indicator of investor sentiment.

Today, the Muthoot Microfin IPO grey market premium is ₹25, which is a significant drop from the ₹60 premium seen on December 21.

The grey market is also expecting a listing price of ₹301 per share, based on the IPO price band of ₹277 to ₹291 per equity share.

Here's a breakdown of the grey market premium and expected listing price:

As you can see, the expected listing price is ₹302, which is higher than the IPO price band of ₹277 to ₹291 per equity share.

The grey market premium is a good indicator of investor sentiment, and it's worth keeping an eye on it as the IPO approaches.

The Muthoot Microfin IPO is a significant public offering that has garnered attention from investors. The company aims to raise Rs 960 crore, with Rs 760 crore through a fresh issue and Rs 200 crore through an offer for sale.

Shreyansh Shah, a Research Analyst at StoxBox, advises investors to subscribe to the IPO from a medium to long-term perspective. This is because the lender's operations have historically been concentrated in South India but have expanded into North, East, and West India, with a total of 707 branches across these regions as of September 30, 2023.

The IPO is expected to close on December 20, and the shares are likely to be listed on December 26, 2023. This gives investors a limited time frame to apply for the IPO and potentially benefit from listing gains.

Arun Kejriwal, Founder at Kejriwal Research and Investment Services, suggests applying for listing gains only, as there might be some consolidation in Muthoot Microfin shares after listing. This is because microfinance companies are doing well on Dalal Street these days, and the public issue may benefit from this working theme.