Australian Premium Solar IPO GMP over the past few days?
GMP often serves as a reliable reflection of the actual stock scenario. Beyond just the price, it’s the trend in GMP over time that paints a clearer picture of the prevailing market sentiment. Let’s take a brief look at the GMP summary for Australian Premium Solar (India) Ltd over the last three available days.
Check All Letest IPO GMP Live
| Date | GMP | Kostak | Subject to |
|---|---|---|---|
| Today | ₹35 | ₹- | ₹45,000 |
| 11 January | ₹30 | ₹- | ₹45,000 |
| 10 January | ₹30 | ₹- | ₹45,000 |
| 9 January | ₹20 | ₹- | ₹35,000 |
| 8 January | ₹10 | ₹- | ₹15,000 |
| 7 January | ₹- | ₹- | ₹- |
Certainly, we’ll have to wait for the actual subscription numbers after the issue opens on January 11, 2024, as they will significantly impact the GMP. Historically, oversubscribed IPOs have often seen a positive shift in the grey market pricing. Australian Premium Solar (India) Ltd has been gaining strong traction in the grey market.
Considering the upper band IPO price of ₹54 per share, the current GMP indicator on January 8, 2024, suggests a likely listing price around ₹74 per share. It’s important to note that this is a dynamic figure and can change. Keep an eye on subscription updates, as they will guide the GMP trend.
With a GMP of ₹20 on the upper band IPO price of ₹54, the listing premium for Australian Premium Solar (India) Ltd is approximately 37.04%. This implies a potential listing price of around ₹74 per share on January 18, 2024. These are estimates, so maintaining a margin of safety is advised. Monitoring the GMP trend is crucial for understanding the listing status – focus on the time series trend rather than absolute numbers.
Australian Premium Solar IPO About
The Australian Premium Solar IPO is valued at ₹10 per share and follows a book-built model with a price range of ₹51 to ₹54 per share. The final IPO price will be determined within this range. This IPO solely consists of new shares and does not include any offer for sale (OFS). In the fresh issue segment, the IPO plans to release 52,00,000 shares, raising ₹28.08 crore at the upper price of ₹54 per share.
Since there is no OFS portion, the fresh issue size serves as the overall IPO size. Hence, the total IPO size comprises 52,00,000 shares at ₹54 each, amounting to ₹28.08 crore.
Similar to other SME IPOs, this offering includes a market making portion with a market maker inventory allocation of 2,60,000 shares. The appointment of the market maker is pending. Their role will be to provide two-way quotes, ensuring liquidity and low basis costs post-listing. Following the IPO, the promoter’s stake in Australian Premium Solar (India) Ltd will decrease from 99.98% to 73.64%. The raised funds will be directed towards capital expenditures and working capital requirements.
Beeline Capital Advisors Private Ltd is the lead manager for the issue, and Link Intime India Private Ltd will serve as the IPO registrar.
GMP For IPO ( Australian Premium Solar )
The Grey Market Price (GMP) for Australian Premium Solar IPO usually starts being discussed about 4-5 days before the IPO opens and continues until the listing date. Looking at the GMP data for the last 3 days can give us a decent idea of what to expect when it gets listed.
Two main things affect the GMP. First, how the overall market is doing, especially regarding how easy it is to buy and sell stocks. Second, how many people are showing interest in buying shares of the IPO also matters. Sometimes, the GMP can even be negative, suggesting the stock might list at a lower price than initially offered.
It’s important to note that GMP is not an official price but more of an informal estimate. However, it’s often a good way to get a sense of the demand for the IPO and how the stock might perform after listing.
Frequently Asked Questions
What is Australian Premium Solar IPO GMP Today?
The Australian Premium Solar IPO GMP, also known as Grey Market Premium, is currently ₹30.
What is Australian Premium Solar IPO Kostak Rates Today?
The Australian Premium Solar IPO Kostak Rate is ₹-.
What is Australian Premium Solar IPO Subject to Sauda Price Today?
The Australian Premium Solar IPO subject to Sauda rates are ₹45,000.
Australian Premium Solar IPO Expected Returns?
The expected return on the Australian Premium Solar IPO is 56%.