IPO GMP - Potential Returns Up to 130%, 3 Out of 4 Companies Above 80%

STOCK MARKET NEWS - Due to Budget 2024, while some companies in the stock market may have been affected, investors are thriving in the grey market. IPOs of four companies are open, and all are trading at a premium. Three companies have shares trading at over an 80% premium. This presents an opportunity for Demat account holders. There is a potential return of up to 130% in just 7 days.

V.L. Infraprojects IPO GMP Trend

On July 16, the IPO price was announced at ₹42. On July 17, trading began at a ₹20 premium. On July 18, the premium doubled to ₹40. Before the IPO opening on July 22, the premium reached ₹50, and on July 23, when the IPO opened, trading closed in the grey market at a ₹55 premium. On July 24, when the market opened, the premium remained at ₹55. Consequently, the estimated listing price of the IPO became ₹97. This means that anyone subscribing to this IPO would get shares at ₹42 and in just 3 days, the share price would become ₹97, yielding a profit of 130.95%.

Manglam Infra and Engineering IPO GMP Trend

On July 18, the IPO price was announced at ₹56. On July 19, trading began at a ₹10 premium. By July 22, the premium increased, and on July 23, it reached ₹46. The IPO opened on July 24, with trading in the grey market at a ₹46 premium. Consequently, the estimated listing price of the IPO became ₹102. If the trading in the grey market continues this way until July 31, any investor subscribing to this IPO at ₹56 per share would see their share price reach ₹102 on July 31, resulting in an 82.14% profit.

VVIP Infratech IPO GMP Trend

On July 16, the IPO price was announced at ₹93. On July 17, trading began at a ₹35 premium. On July 18, the premium increased to ₹47, and just a day before the opening, on July 22, it reached ₹50. When the IPO opened on July 23, trading was at a ₹75 premium. Trading on July 24 also started at the same premium. Consequently, the estimated listing price of the IPO became ₹168. Anyone subscribing to this IPO would see a profit of 80.65% within a week.

Chetana Education IPO GMP Trend

On July 18, the IPO price was announced at ₹85. On July 19, trading began at an ₹11 premium, but on July 24, as soon as the IPO opened, the premium in the grey market increased to ₹20. Thus, the estimated listing price of the IPO became ₹105. If this trend continues until the listing, this IPO would give its investors a 23.53% return.

Disclaimer - This is a news report published to provide information to investors in the Indian share market. We do not encourage or discourage investment in any company. Please consult your financial advisor and invest based on your study of the stock market.